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The Political Economy of Ottoman Public Debt

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The Political Economy of Ottoman Public Debt

Insolvency and European Financial Control in the Late Nineteenth Century

Format

Hardback

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The Political Economy of Ottoman Public Debt by Murat Birdal
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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.

Author Biography

Murat Birdal is Assistant Professor in the Department of Economics at Istanbul University. He received his Ph.D. in Political Economy from University of Southern California.
Release date Australia
April 30th, 2010
Author
Country of Publication
United Kingdom
Illustrations
7 integrated bw illustrations
Imprint
I.B.Tauris
Pages
256
Dimensions
134x216x25
ISBN-13
9781848852983
Product ID
3342298

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