The Political Economy of Ottoman Public Debt

The Political Economy of Ottoman Public Debt PDF Author: Murat Birdal
Publisher: I.B. Tauris
ISBN: 9781848852983
Category : History
Languages : en
Pages : 0

Get Book Here

Book Description
In the midst of political decline and burgeoning financial problems in the late nineteenth century, the Ottoman Empire became embroiled in a borrowing frenzy, which eventually resulted in the financial collapse of the empire. Under political pressure and with the growing need for external funds, the Ottoman court compromised its fiscal sovereignty by ceding the most liquid revenue sources to a financial administration controlled by European creditors. In this book, Murat Birdal sheds light on the handling of the external debt crisis, one of the most controversial periods of Ottoman economic history. Based on extensive archival research foreign archives, he explores the pivotal role of the Ottoman Public Debt Administration (OPDA) in the peripheralization of the Ottoman economy. This book will be invaluable to scholars of Ottoman, Middle East and economic history.

The Political Economy of Ottoman Public Debt

The Political Economy of Ottoman Public Debt PDF Author: Murat Birdal
Publisher: I.B. Tauris
ISBN: 9781848852983
Category : History
Languages : en
Pages : 0

Get Book Here

Book Description
In the midst of political decline and burgeoning financial problems in the late nineteenth century, the Ottoman Empire became embroiled in a borrowing frenzy, which eventually resulted in the financial collapse of the empire. Under political pressure and with the growing need for external funds, the Ottoman court compromised its fiscal sovereignty by ceding the most liquid revenue sources to a financial administration controlled by European creditors. In this book, Murat Birdal sheds light on the handling of the external debt crisis, one of the most controversial periods of Ottoman economic history. Based on extensive archival research foreign archives, he explores the pivotal role of the Ottoman Public Debt Administration (OPDA) in the peripheralization of the Ottoman economy. This book will be invaluable to scholars of Ottoman, Middle East and economic history.

Public Debt Through the Ages

Public Debt Through the Ages PDF Author: Mr.Barry J. Eichengreen
Publisher: International Monetary Fund
ISBN: 1484392892
Category : Business & Economics
Languages : en
Pages : 60

Get Book Here

Book Description
We consider public debt from a long-term historical perspective, showing how the purposes for which governments borrow have evolved over time. Periods when debt-to-GDP ratios rose explosively as a result of wars, depressions and financial crises also have a long history. Many of these episodes resulted in debt-management problems resolved through debasements and restructurings. Less widely appreciated are successful debt consolidation episodes, instances in which governments inheriting heavy debts ran primary surpluses for long periods in order to reduce those burdens to sustainable levels. We analyze the economic and political circumstances that made these successful debt consolidation episodes possible.

The Political Economy of Ottoman Public Debt

The Political Economy of Ottoman Public Debt PDF Author: Murat Birdal
Publisher: Bloomsbury Publishing
ISBN: 0857718150
Category : Political Science
Languages : en
Pages : 250

Get Book Here

Book Description
In the midst of political decline and burgeoning financial problems in the late nineteenth century, the Ottoman Empire became embroiled in a borrowing frenzy, which eventually resulted in the financial collapse of the empire. Under political pressure and with the growing need for external funds, the Ottoman court compromised its fiscal sovereignty by ceding the most liquid revenue sources to a financial administration controlled by European creditors. In this book, Murat Birdal sheds light on the handling of the external debt crisis, one of the most controversial periods of Ottoman economic history. Based on extensive archival research foreign archives, he explores the pivotal role of the Ottoman Public Debt Administration (OPDA) in the peripheralization of the Ottoman economy. This book will be invaluable to scholars of Ottoman, Middle East and economic history.

Ottoman Public Debt

Ottoman Public Debt PDF Author: Administration of the Ottoman Public Debt
Publisher:
ISBN:
Category : Debts, Public
Languages : en
Pages : 278

Get Book Here

Book Description


A World of Public Debts

A World of Public Debts PDF Author: Nicolas Barreyre
Publisher: Springer Nature
ISBN: 3030487946
Category : Business & Economics
Languages : en
Pages : 593

Get Book Here

Book Description
This book analyzes public debt from a political, historical, and global perspective. It demonstrates that public debt has been a defining feature in the construction of modern states, a main driver in the history of capitalism, and a potent geopolitical force. From revolutionary crisis to empire and the rise and fall of a post-war world order, the problem of debt has never been the sole purview of closed economic circles. This book offers a key to understanding the centrality of public debt today by revealing that political problems of public debt have and will continue to need a political response. Today’s tendency to consider public debt as a source of fragility or economic inefficiency misses the fact that, since the eighteenth century, public debts and capital markets have on many occasions been used by states to enforce their sovereignty and build their institutions, especially in times of war. It is nonetheless striking to observe that certain solutions that were used in the past to smooth out public debt crises (inflation, default, cancellation, or capital controls) were left out of the political framing of the recent crisis, therefore revealing how the balance of power between bondholders, taxpayers, pensioners, and wage-earners has evolved over the past 40 years. Today, as the Covid-19 pandemic opens up a dramatic new crisis, reconnecting the history of capitalism and that of democracy seems one of the most urgent intellectual and political tasks of our time. This global political history of public debt is a contribution to this debate and will be of interest to financial, economic, and political historians and researchers. Chapters 13 and 19 are available open access under a Creative Commons Attribution 4.0 International License via link.springer.com.

Colonialism in Global Perspective

Colonialism in Global Perspective PDF Author: Kris Manjapra
Publisher: Cambridge University Press
ISBN: 1108425267
Category : History
Languages : en
Pages : 291

Get Book Here

Book Description
A provocative, breath-taking, and concise relational history of colonialism over the past 500 years, from the dawn of the New World to the twenty-first century.

A Monetary History of the Ottoman Empire

A Monetary History of the Ottoman Empire PDF Author: Sevket Pamuk
Publisher: Cambridge University Press
ISBN: 9780521441971
Category : Business & Economics
Languages : en
Pages : 340

Get Book Here

Book Description
An important book on the monetary history of the Ottoman empire by a leading economic historian.

The Rise of Fiscal States

The Rise of Fiscal States PDF Author: Bartolomé Yun-Casalilla
Publisher: Cambridge University Press
ISBN: 1107013518
Category : Business & Economics
Languages : en
Pages : 495

Get Book Here

Book Description
Leading economic historians present a groundbreaking series of country case studies exploring the formation of fiscal states in Eurasia.

Public Financial Management Reforms in Turkey: Progress and Challenges, Volume 2

Public Financial Management Reforms in Turkey: Progress and Challenges, Volume 2 PDF Author: Tekin Akdemir
Publisher: Springer Nature
ISBN: 9811542260
Category : Business & Economics
Languages : en
Pages : 284

Get Book Here

Book Description
This book provides an assessment of public financial management (PFM) reforms in developing countries using Turkey as a case study. Volume II elaborates on asset and liability management, intergovernmental fiscal relations, accounting, financial reporting, and auditing. Bringing together academics and practitioners, the book analyzes the PFM reforms in the light of theoretical explanations and practices to reveal the achievements, challenges, and future perspectives of PFM.

The Imperial Ottoman Bank

The Imperial Ottoman Bank PDF Author: André Autheman
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 316

Get Book Here

Book Description