Abstract
This chapter provides a brief history of international financial control as experienced in the Ottoman Empire from 1881 to 1914. In the first section, I provide the longer-term context and give a historical outline of the process of accumulation of sovereign debt, which started in 1854 and ended with a catastrophic default in 1876 stirring international financial markets. The second part of the chapter will deal with the activities of the IFC by mostly relying on reports of the Council of the Ottoman Public Debt Administration. Unlike the Egyptian case, the Ottoman government never lost its political sovereignty against foreign powers. However, the broader impact of the IFC over fiscal and monetary affairs was still far from being negligible, as the Ottoman government chose the amenable path of cooperating with its foreign creditors.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Similar content being viewed by others
Author information
Authors and Affiliations
Copyright information
© 2015 Ali Coşkun Tunçer
About this chapter
Cite this chapter
Tunçer, A.C. (2015). Fiscal Control and Political Cooperation: The Ottoman Empire, 1854–1914. In: Sovereign Debt and International Financial Control. Palgrave Studies in the History of Finance. Palgrave Macmillan, London. https://doi.org/10.1057/9781137378545_4
Download citation
DOI: https://doi.org/10.1057/9781137378545_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-57302-8
Online ISBN: 978-1-137-37854-5
eBook Packages: Palgrave Economics & Finance CollectionEconomics and Finance (R0)