Financial Partnerships in the 19th Century – Relationship between Bulgarian Merchants and Galata Sarrafs

Mustafa Can Guripek ()
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Mustafa Can Guripek: Istanbul University, Faculty of Economics, Department of Economic History, Turkey

Proceedings of the Centre for Economic History Research, 2022, vol. 7, 40-51

Abstract: In this study, 19th century Bulgarian financial developments will be discussed in parallel with the commercial developments. The focus of the study is the network of relations established by important merchant families that emerged in the 19th century with the sarrafs of Istanbul (Galata) and important merchants like Georgiev, Puliev, Cal?koglu, Tezvetoglu etc. They had established strong financial ties with the Galata bankers/sarrafs. I will try to answer some questions such as following ones. What factors were important in establishing these ties? Was this relationship necessary? What were the benefits of the money changers and Bulgarian merchants from these financial cooperations? What was the role of the state in this relationship? What was the role of local administrators in the network of sarrafs and merchants?

Keywords: Galata Sarrafs; Ottoman Empire; Financial Partnership; Bulgarian Merchants; Tax Farming (search for similar items in EconPapers)
JEL-codes: N83 N90 P12 P45 (search for similar items in EconPapers)
Date: 2022
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