Books > Business & Economics > Economics > International economics > International finance
|
Buy Now
Sovereign Debt and International Financial Control - The Middle East and the Balkans, 1870-1914 (Hardcover, 1st ed. 2015)
Loot Price: R4,331
Discovery Miles 43 310
|
|
Sovereign Debt and International Financial Control - The Middle East and the Balkans, 1870-1914 (Hardcover, 1st ed. 2015)
Series: Palgrave Studies in the History of Finance
Expected to ship within 12 - 17 working days
|
Donate to Against Period Poverty
Total price: R4,351
Discovery Miles: 43 510
|
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 of the debtor states became the prevalent
form of dealing with defaults. The different cases of international
financial control became increasingly refined and they marked
important milestones in the evolution of the global governance of
sovereign debt before 1914. For the defaulting states however, the
immediate impact of international financial control was
infringement of sovereignty. The extent of international financial
control and the borrowing capacity of debtor states varied in each
case as well as the degree of resistance towards it. This book
documents the characteristics of international financial control in
a comparative perspective. It relates sovereign debt, default and
international financial control to political and fiscal systems,
and raises questions about the tension between national sovereignty
and global capital. It sheds light on the impact of international
financial control on the long-term credibility and fiscal capacity
of the debtor states in question. The author demonstrates that the
governments' decisions to borrow internationally, and their
attitudes towards international financial control, were heavily
influenced by domestic political and fiscal factors.
General
Is the information for this product incomplete, wrong or inappropriate?
Let us know about it.
Does this product have an incorrect or missing image?
Send us a new image.
Is this product missing categories?
Add more categories.
Review This Product
No reviews yet - be the first to create one!
|
You might also like..
|
Email address subscribed successfully.
A activation email has been sent to you.
Please click the link in that email to activate your subscription.