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In the Absence of Domestic Currency

Debased European Coinage in the Seventeenth–Century Ottoman Empire

Bibliographic Data

ID9342138
AuthorsSevket Pamuk (0000-0002-7796-2836, Bogaziçi University, corresponding author), Pınar Ceylan (0000-0003-2780-7325)
Year1997
Volume57
Issue2
Pages345-366
Publication date1997-06-01
Peer ReviewedYes
Open AccessYes
TypeARTICLE
VenueThe Journal of Economic History (JOURNAL)
Journal identifiersISSN: 0022-0507 • E-ISSN: 1471-6372
PublisherCambridge University Press (CUP) (PUBLISHER)
DOI10.1017/s0022050700018477
OpenAlexW2130556079
LanguageEN
Citations received6
References cited27

The Near East was subject to many of the same fiscal and monetary forces that affected Europe and parts of Asia during the early modem era. For almost two decades during the seventeenth century, debased European coinage circulated widely in Ottoman markets at values far above their specie content. This article provides an explanation in terms of Ottoman fiscal deficits, currency instability, currency substitution, and decline in local silver mines all of which led to the closure of mints. The reasons behind the conspicuous absence of Ottoman copper coinage during this period are also explored

Ancient history · Currency · Economic history · Economics · Monetary economics · Ottoman empire · Political science · Subject (documents · Colonialism, slavery, and trade · Historical Economic and Social Studies · History · Islamic Studies and History · Law

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Unique citing works6
Citations per year0,35
Citation span2009 - 2026 (18)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 6

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