IDEAS home Printed from https://ideas.repec.org/p/nsb/seemhn/2.html
   My bibliography  Save this paper

„What did guide investors decisions” during the classical gold standard era? The case of Ottoman Empire, 1880-1914

Author

Listed:
  • Ali Coskun Tuncer

    (LSE and Ondokuz Mayis University)

Abstract

It has been conventionally argued that the gold standard, as a “good housekeeping seal of approval”, provided an easy access to the international financial markets for the peripheral countries during the classical gold standard era. This paper, by relying on the Ottoman case, questions the importance of the gold-related monetary regime (limping gold standard) as a determinant of investors’ decisions, and attempts to answer the question of “what did guide the investors’ decisions” by relying on the revisionist gold standard literature and historical data. It is concluded that International Financial Control exercised by the representatives of the creditors on the Ottoman finances was an important determinant of the cost of borrowing which was neglected by the literature.

Suggested Citation

  • Ali Coskun Tuncer, 2009. "„What did guide investors decisions” during the classical gold standard era? The case of Ottoman Empire, 1880-1914," SEEMHN papers 2, National Bank of Serbia.
    • Handle: RePEc:nsb:seemhn:2
    Note: The paper was presented at the Fourth Annual SEEMHN Conference hosted by the National Bank of Serbia, 27 March 2009 in Belgrade.
    as

    Download full text from publisher

    File URL: https://www.nbs.rs/export/sites/NBS_site/documents/publikacije/konferencije/seemhn_conf/SEEMHN_10_Coskun.pdf
    File Function: Full text
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    Limping Gold Standard; Peripheries; The Ottoman Empire; International Financial Control; Sovereign Debt;
    All these keywords.

    JEL classification:

    • F33 - International Economics - - International Finance - - - International Monetary Arrangements and Institutions
    • N25 - Economic History - - Financial Markets and Institutions - - - Asia including Middle East

    Statistics

    Access and download statistics

    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:nsb:seemhn:2. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Marko Miseljic (email available below). General contact details of provider: https://edirc.repec.org/data/nbjgvyu.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.