Ottoman Public Debt


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Report On The Revenue Ceded By Turkey To The Bond-holders Of The Ottoman Public Debt


Book Description

Caillard presents a report on the revenue ceded by Turkey to bond-holders of the Ottoman Public Debt. He discusses the terms and conditions of the cession, as well as the economic impact on both Turkey and the bond-holders. This book provides a fascinating look into the economic and political relations between Turkey and its creditors in the late 19th century. This work has been selected by scholars as being culturally important, and is part of the knowledge base of civilization as we know it. This work is in the "public domain in the United States of America, and possibly other nations. Within the United States, you may freely copy and distribute this work, as no entity (individual or corporate) has a copyright on the body of the work. Scholars believe, and we concur, that this work is important enough to be preserved, reproduced, and made generally available to the public. We appreciate your support of the preservation process, and thank you for being an important part of keeping this knowledge alive and relevant.







The Parliamentary Debates (official Report).


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Contains the 4th session of the 28th Parliament through the 1st session of the 48th Parliament.




Turkey's Foreign Debt


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The Political Economy of Ottoman Public Debt


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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 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 Statist


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The Economic Review


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