The Political Economy Of Ottoman Public Debt

Author : Murat Birdal
Publisher : Bloomsbury Publishing
ISBN 13 : 0857718150
Total Pages : 250 pages
Book Rating : 4.50/5 ( download)

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Download or read book The Political Economy of Ottoman Public Debt written by Murat Birdal and published by Bloomsbury Publishing. This book was released on 2010-07-04 with total page 250 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Nicolas Barreyre
Publisher : Springer Nature
ISBN 13 : 3030487946
Total Pages : 593 pages
Book Rating : 4.42/5 ( download)

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Download or read book A World of Public Debts written by Nicolas Barreyre and published by Springer Nature. This book was released on 2020-10-26 with total page 593 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Author : Administration of the Ottoman Public Debt
Publisher :
ISBN 13 :
Total Pages : 136 pages
Book Rating : 4.55/5 ( download)

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Download or read book Ottoman Public Debt written by Administration of the Ottoman Public Debt and published by . This book was released on 1914 with total page 136 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Harvard University, Cambridge, MA, USA John F. Kennedy School of Government
Publisher : Springer
ISBN 13 : 1349112747
Total Pages : 289 pages
Book Rating : 4.46/5 ( download)

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Download or read book The Political Economy of Turkey written by Harvard University, Cambridge, MA, USA John F. Kennedy School of Government and published by Springer. This book was released on 1990-06-18 with total page 289 pages. Available in PDF, EPUB and Kindle. Book excerpt: Turkey stands at a crossroad after a decade of adjustment to its severe debt crisis in the late 1970s. This volume brings together a group of contributors who discuss the consequences of this transition and the likely pains for the future.

Author : Magnus Fredrik Ferdinand Björnstjerna (grefve)
Publisher :
ISBN 13 :
Total Pages : 68 pages
Book Rating : 4.45/5 ( download)

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Download or read book Influence of the Public Debt, Over the Prosperity of the Country written by Magnus Fredrik Ferdinand Björnstjerna (grefve) and published by . This book was released on 1834 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Francis Wrigley Hirst
Publisher :
ISBN 13 :
Total Pages : 368 pages
Book Rating : 4.7G/5 ( download)

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Download or read book The Political Economy of War written by Francis Wrigley Hirst and published by . This book was released on 1918 with total page 368 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Donald Christy Blaisdell
Publisher :
ISBN 13 :
Total Pages : 264 pages
Book Rating : 4.40/5 ( download)

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Download or read book European Financial Control in the Ottoman Empire written by Donald Christy Blaisdell and published by . This book was released on 1929 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : L. V. Birck
Publisher : Routledge
ISBN 13 : 1317807235
Total Pages : 315 pages
Book Rating : 4.30/5 ( download)

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Download or read book The Scourge of Europe (Routledge Revivals) written by L. V. Birck and published by Routledge. This book was released on 2014-06-17 with total page 315 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written during the early 1920s, at a time when Europe was still recovering from the catastrophe of the First World War, L.V. Birck’s The Scourge of Europe examines the economic issues surrounding the existence of public debt, its history, and possible approaches to problems associated with public debt as they were being pursued by the great powers of the time. Birck’s analysis contains a rigorous theoretical exposition and explanation of public debt as it was understood in the crucial period leading up to the Great Depression. This is then followed by an insightful exploration of the role of public debt in European financial and economic history. Finally, some reflections on the policies of England, the United States, France and Germany in the latter part of the nineteenth and early-twentieth centuries are included. This book will appeal to economic and financial historians, as well as to those generally interested in European policies towards debt from the Middle Ages to modern times.

Author : Administration of the Ottoman Public Debt
Publisher :
ISBN 13 :
Total Pages : 54 pages
Book Rating : 4.52/5 ( download)

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Download or read book The Ottoman Public Debt written by Administration of the Ottoman Public Debt and published by . This book was released on 1886 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Author : Jerome E. Roos
Publisher : Princeton University Press
ISBN 13 : 0691184933
Total Pages : 398 pages
Book Rating : 4.37/5 ( download)

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Download or read book Why Not Default? written by Jerome E. Roos and published by Princeton University Press. This book was released on 2019-02-12 with total page 398 pages. Available in PDF, EPUB and Kindle. Book excerpt: How creditors came to wield unprecedented power over heavily indebted countries—and the dangers this poses to democracy The European debt crisis has rekindled long-standing debates about the power of finance and the fraught relationship between capitalism and democracy in a globalized world. Why Not Default? unravels a striking puzzle at the heart of these debates—why, despite frequent crises and the immense costs of repayment, do so many heavily indebted countries continue to service their international debts? In this compelling and incisive book, Jerome Roos provides a sweeping investigation of the political economy of sovereign debt and international crisis management. He takes readers from the rise of public borrowing in the Italian city-states to the gunboat diplomacy of the imperialist era and the wave of sovereign defaults during the Great Depression. He vividly describes the debt crises of developing countries in the 1980s and 1990s and sheds new light on the recent turmoil inside the Eurozone—including the dramatic capitulation of Greece’s short-lived anti-austerity government to its European creditors in 2015. Drawing on in-depth case studies of contemporary debt crises in Mexico, Argentina, and Greece, Why Not Default? paints a disconcerting picture of the ascendancy of global finance. This important book shows how the profound transformation of the capitalist world economy over the past four decades has endowed private and official creditors with unprecedented structural power over heavily indebted borrowers, enabling them to impose painful austerity measures and enforce uninterrupted debt service during times of crisis—with devastating social consequences and far-reaching implications for democracy.