Methods and Instruments Used in Domestic Borrowing by the Ottoman Empire

Değer Alper and Adem Anbar
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Değer Alper: Uludağ University
Adem Anbar: Uludağ University

Journal of Finance Letters (Maliye ve Finans Yazıları), 2010, vol. 25, issue 87, 27-49

Abstract: Ottoman Empire that had difficulties balancing the budget deficits and began to face with financing issues since seventeenth century, firstly resorted internal borrowing for dealing with these fiscal problems and for this reason, it used different methods and financial instruments for solving financing issues. In this study, the reasons of internal borrowing in Ottoman Empire, and the methods and instruments which are used in internal borrowing are examined.

Keywords: Otoman Empire; internal borrowing; tagsis; Galata bankers; tax farming; esham (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:acc:malfin:v:25:y:2010:i:87:p:27-49

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