The Political Economy of Ottoman Public Debt: Insolvency and European Financial Control in the Late Nineteenth Century

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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 ...

The Political Economy of Ottoman Public Debt: Insolvency and European Financial Control in the Late Nineteenth Century 2010, I. B. Tauris & Company, London, England

ISBN-13: 9781848852983

Hardcover

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