[Mobile pdf] Sovereign Debt and International Financial Control: The Middle East and the Balkans, 1870–1914 (Palgrave Studies in the History of Finance)






 | #3493254 in eBooks |  2015-08-26 |  2015-08-26 | File Name: B0161IX4F2


|| ||“This book will certainly become a go-to reference for historians interested in the region and economists seeking better understanding of the mechanisms of default. … this is an admirable  work of nuanced historical interpretation that ques

This book revisits an important chapter of financial history in the Middle East and the Balkans from 1870 1914. During this period, capital flows in the form of sovereign debt increased rapidly throughout the region. The spiral of heavy government borrowing eventually culminated in defaults on foreign obligations in the Ottoman Empire (1875), Egypt (1876), Greece (1893) and Serbia (1895). In all four cases, introducing international financial control over the finances o...


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