IDEAS home Printed from https://ideas.repec.org/a/dug/actaec/y2010i4p104-116.html
   My bibliography  Save this article

The Short Life of the Bank of Ethiopia

Author

Listed:
  • Arnaldo Mauri

    (Università degli Studi di Milano, Italy)

Abstract

The Bank of Abyssinia, established in 1905, was given a 50-years concession by the Emperor Menelek II. This institution was engaged in issuing notes as well as in any kind of commercial banking business. Haile Sellassie, after acceding to the throne in 1930, could not accept that the country’s issuing bank was a foreign-owned share company and decided for nationalization. The change was implemented, however, in a soft way, providing an adequate compensation to shareholders, and in agreement with the main foreign shareholder, the National Bank of Egypt. The Bank of Abyssinia went, therefore, into liquidation and a new institution, the Bank of Ethiopia, was established in 1931. The new bank, although under full Government control, retained management, staff, premises and clients of the ceased financial institution. Italian occupation of the country, in 1936, brought the liquidation of the Bank of Ethiopia.

Suggested Citation

  • Arnaldo Mauri, 2010. "The Short Life of the Bank of Ethiopia," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 4(4), pages 104-116, December.
  • Handle: RePEc:dug:actaec:y:2010:i:4:p:104-116
    as

    Download full text from publisher

    File URL: http://journals.univ-danubius.ro/index.php/oeconomica/article/view/763/695
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Adrian E. Tschoegl, 2001. "Maria Theresa's Thaler: A Case of International Money," Eastern Economic Journal, Eastern Economic Association, vol. 27(4), pages 443-462, Fall.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Arnaldo Mauri, 2010. "Monetary Developments and Decolonization in Ethiopia (1941-1952)," Acta Universitatis Danubius. OEconomica, Danubius University of Galati, issue 1(1), pages 5-16, March.
    2. Arnaldo MAURI, 2011. "A nationalization of a bank of issue carried out in a soft way: the case of the establishment of the Bank of Ethiopia," Departmental Working Papers 2011-01, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    3. Arnaldo MAURI, 2008. "The re-establishment of the Ethiopia’s monetary and banking systems," Departmental Working Papers 2008-11, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    4. Arnaldo MAURI, 2010. "Monetary developments and decolonization in Ethiopia," Departmental Working Papers 2010-15, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    5. Ali Coskun Tunçer, 2013. "The Black Swan of the Golden Periphery: The Ottoman Empire during the Classical Gold Standard Era," Working Papers 8, Department of Economic and Social History at the University of Cambridge.
    6. Arnaldo MAURI, 2003. "Eritrea's early stages in monetary and banking development," Departmental Working Papers 2003-28, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:dug:actaec:y:2010:i:4:p:104-116. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Daniela Robu (email available below). General contact details of provider: https://edirc.repec.org/data/fedanro.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.