Was There a Guarantee Effect for the Ottoman Loans in the Nineteenth Century
Bibliographic Data
| ID | 20436780 |
|---|---|
| Authors | HUSEYIN AL (University of Illinois Urbana-Champaign, corresponding author) |
| Year | 2012 |
| Volume | 52 |
| Issue | 2 |
| Pages | 191-208 |
| Publication date | 2012-07-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Australian Economic History Review (JOURNAL) |
| Journal identifiers | ISSN: 0004-8992 • E-ISSN: 1467-8446 |
| Publisher | Wiley (PUBLISHER • GB) |
| DOI | 10.1111/j.1467-8446.2012.00349.x |
| OpenAlex | W1841835173 |
| Language | EN |
| Citations received | 1 |
| References cited | 12 |
This study analyses the effect of formal guarantees of the British government on the performance of Turkish bonds issued in the second half of the nineteenth century. We compare the yields and prices of 11 bonds issued by the Ottoman government with different guarantees attached to each bond. Our findings indicate that the formal guarantee of the British government was significant in determining the prices and yields of Ottoman bonds. Even though the British guarantee had no effect on Ottoman institutions, practices, and fiscal fundamentals, the yields on the guaranteed loan did not move together with other Ottoman loans
Bond · Business · Economics · Financial system · Government (linguistics) · Government bond · Linguistics · Loan · Ottoman empire · Political science · Politics · Turkish · Finance · Global Financial Crisis and Policies · Islamic Finance and Banking Studies · Law · Monetary Policy and Economic Impact · Philosophy
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| Unique citing works | 1 |
|---|---|
| Citations per year | 0,2 |
| Citation span | 2021 - 2021 (1) |
| Citation velocity | historical |
| Highly cited | No |
| Citation types | Neutral: 1 |