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