La controversia tra la Camera di Commercio di Roma e il Consiglio del Debito Pubblico Ottomano sulla conversione delle obbligazioni privilegiate del 1890

The dispute between the Chamber of Commerce of Rome and the Council of the Ottoman Public Debt on the conversion of priority bonds of 1890

Stefania Ecchia

MPRA Paper from University Library of Munich, Germany

Abstract: The paper aims to analyze the reasons for the dispute between the Chamber of Commerce of Rome and the Ottoman Public Debt Administration Council - set up by the Ottoman Empire following the bankruptcy to repay its external debt to the European nations - about the renegotiation the Public Debt of 1890. The Italian delegate to the Council, appointed by the Chamber of commerce of Rome, was accused by the same Chamber for exceeding its mandate because of his consent to the conversion project conceived by the British and French delegate, in concert with the Imperial Ottoman Bank, without having obtained the prior permission of the Italian bondholders represented by the Chamber. Taking a cue from the legal issue, the research will shed light on the financial maneuvers of creditor nations in connection with the Public Debt Administration.

Keywords: Ottoman Empire; Public Debt; Italy (search for similar items in EconPapers)
JEL-codes: N2 (search for similar items in EconPapers)
Date: 2016-01
New Economics Papers: this item is included in nep-his
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