Skip to main content Accessibility help
×
Hostname: page-component-848d4c4894-8bljj Total loading time: 0 Render date: 2024-06-19T23:10:38.005Z Has data issue: false hasContentIssue false

5 - Conditionality, Fiscal Rules and International Financial Control in the European Periphery before 1914

from Part I - Comparative Historical and Institutional Perspectives

Published online by Cambridge University Press:  31 October 2017

Ivano Cardinale
Affiliation:
Goldsmiths, University of London
D'Maris Coffman
Affiliation:
University College London
Roberto Scazzieri
Affiliation:
Università degli Studi, Bologna, Italy
Get access

Summary

Image of the first page of this content. For PDF version, please use the ‘Save PDF’ preceeding this image.'
Type
Chapter
Information
Publisher: Cambridge University Press
Print publication year: 2017

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Adams, H. C. (1890) Public Debts – An Essay in the Science of Finance, New York: D. Appleton and Company.Google Scholar
Aharoni, R. (2007) The Pasha’s Bedouin: Tribes and States in the Egypt of Mehmet Ali, 1805–1848, Routledge: New York.Google Scholar
Andreades, A. (1925) Les contrôles financiers internationaux, Athens.Google Scholar
Avramov, R. (2003) ‘Advising, Conditionality, Culture: Money Doctors in Bulgaria, 1900–2000’ in Flandreau, M., Money Doctors: The Experience of International Financial Advising 1850–2000, Routledge: New York.Google Scholar
Aytekin, E. A. (2013) ‘Tax Revolts during the Tanzimat Period (1839–1876) and before the Young Turk Revolution (1904–1908): Popular Protest and State Formation in the Late Ottoman Empire’, Journal of Policy History, 25, pp. 308–33.Google Scholar
Blaisdell, D. C. (1966) European Financial Control in the Ottoman Empire, AMS Press, Inc.: New York.Google Scholar
Borchard, E. (1925) The Diplomatic Protection of Citizens Abroad or the Law of International Claims. The Banks Law Publishing: New York.Google Scholar
Borchard, E. (1951) State Insolvency and Foreign Bondholders – Volume I – General Principles, Yale University Press: New Haven.Google Scholar
Brautigam, D., Fjeldstad, O.-H. and Moore, M. (2008). Taxation and State-Building in Developing Countries: Capacity and Consent, Cambridge University Press: Cambridge.Google Scholar
Brown, N. J. (2002) Constitutions in a Nonconstitutionalist World, State University of New York Press: Albany.Google Scholar
Bulow, J. and Rogoff, K. S. (1988) ‘A Constant Recontracting Model of Sovereign Debt’, Journal of Political Economy, 95.6, pp. 155–78.Google Scholar
Bulow, J. and Rogoff, K. S. (1989) ‘Sovereign Debt: Is to Forgive to Forget?’, American Economic Review, 79.1, pp. 4350.Google Scholar
Castellani, F. and Debrun, X. (2005) ‘Designing Macroeconomic Frameworks: A Positive Analysis of Monetary and Fiscal Delegation’, International Finance, 8, pp. 87117.Google Scholar
Choi, S. J., Gulati, M. and Posner, E. A. (2012) ‘The Evolution of Contractual Terms in Sovereign Bonds’, Journal of Legal Analysis. Open access.Google Scholar
Clogg, R. (1997) A Concise History of Greece, Cambridge University Press: Cambridge.Google Scholar
Crouchley, A. E. (1938) The Economic Development of Modern Egypt, Longmans, Green and Co.: London.Google Scholar
Dertilis, G. (1986) Banquiers, usuriers et paysans. Réseaux de crédit et stratégies du capital en Grèce (1780–1930), Fondation des Treilles Editions La Découverte: Paris.Google Scholar
Deville, F. (1912) Les contrôles financiers internationaux et la souveraineté de l’état, Paris, Limoges.Google Scholar
Drazen, A. (2002) ‘Conditionality and Ownership in IMF Lending: A Political Economy Approach’, IMF Working Paper.CrossRefGoogle Scholar
Dreher, A. (2009) ‘IMF Conditionality: Theory and Evidence’, Public Choice, 141, pp. 233–67.Google Scholar
Eaton, J. and Gersovitz, M. (1981) ‘Debt with Potential Repudiation: Theoretical and Empirical Analysis’, Review of Economic Studies, 48.2, pp. 289309.Google Scholar
Eldem, E. (2005) ‘Ottoman Financial Integration with Europe: Foreign Loans, the Ottoman Bank and the Ottoman public debt’, European Review, 13.3, pp. 431–45.CrossRefGoogle Scholar
Esteves, R. P. (2013) ‘The Bondholder, the Sovereign, and the Banker: Sovereign Debt and Bondholders’ Protection before 1914’, European Review of Economic History, 17.4, pp. 389407.Google Scholar
Esteves, R. and Tunçer, A. C. (2016a) ‘Feeling the Blues: Moral Hazard and Debt Dilution in Eurobonds before 1914’, Journal of International Money and Finance, 65, pp. 4668.Google Scholar
Esteves, R. and Tunçer, A. C. (2016b) ‘Eurobonds Past and Present: A Comparative Review on Debt Mutualization in Europe’, Review of Law and Economics, 12.3, pp. 659–88.CrossRefGoogle Scholar
Ezzel-Arab, A. (2009) ‘The Fiscal and Constitutional Program of Egypt’s Traditional Elites in 1879: A Documentary and Contextual Analysis of ‘al-Lā’iha al-Wataniyya’(‘The National Program’)’, Journal of the Economic and Social History of the Orient, 52 , pp. 301–24.Google Scholar
Fahmy, K. (2002) All the Pasha’s Men – Mehmed Ali, His Army and the Making of Modern Egypt, The American University in Cairo Press: Cairo.Google Scholar
Featherstone, K. (2015) ‘External Conditionality and the Debt Crisis: The ‘Troika’ and Public Administration Reform in Greece’, Journal of European Public Policy, 22.3, pp. 295314.Google Scholar
Feis, H. (1974) Europe, the World’s Banker 1870–1914, Kelley: New York.Google Scholar
Finnemore, M. (2003). The Purpose of Intervention: Changing Beliefs about the Use of Force. Cornell University Press: Ithaca.Google Scholar
Flandreau, M. (2013) ‘Sovereign States, Bondholders Committees, and the London Stock Exchange in the Nineteenth Century (1827–68): New Facts and Old Fictions’, Oxford Review of Economic Policy, 29.4, pp. 668–96.Google Scholar
Flandreau, M. and Flores, J. (2009) ‘Bonds and Brands: Foundations of Sovereign Debt Markets, 1820–1830’, The Journal of Economic History, 69.3, pp. 646–84.Google Scholar
Gnjatovic, D. (2009) ‘Foreign Long Term Government Loans of Serbia 1862–1914’, Bank of Serbia Working Paper. 2009–03.Google Scholar
Grauwe, P. D. (2011) ‘A Less Punishing, More Forgiving Approach to the Debt Crisis in the Eurozone’, CEPS Policy Brief, No. 230.Google Scholar
Hagemann, R. (2011) ‘How Can Fiscal Councils Strengthen Fiscal Performance?OECD Journal: Economic Studies, 2011.1, pp. 7598.Google Scholar
Hinić, B., Đurđević, L. and Šojić, M. (2014) ‘Serbia/Yugoslavia: from 1884 to 1940’, in South-Eastern European Monetary and Economic Statistics from the Nineteenth Century to World War II, Bank of Greece, Bulgarian National Bank, National Bank of Romania, Oesterreichische Nationalbank.Google Scholar
Hyde, C. C. (1922) ‘The Negotiation of External Loans with Foreign Governments’, The American Journal of International Law, 16.4, pp. 523–41.Google Scholar
Ioannidis, M. (2015) ‘How strict is ‘strict conditionality’? The new Eurozone agreement on Greece’, European Law Blog, http://europeanlawblog.eu/?p=2716#sthash.GZ1ZLCgz.dpuf, accessed 23 March 2015.Google Scholar
James, H. (2003) ‘Who Owns “Ownership”? The IMF and Policy Advice’ in Flandreau, M. (ed.), Money Doctors: The Experience of International Financial Advising 1850–2000, Routledge: New York.Google Scholar
Kaletsky, A. (1985) The Costs of Default, Priority Press Publications: New York.Google Scholar
Kaplanoglou, G. and Rapanos, V. T. (2013) ‘Fiscal Deficits and the Role of Fiscal Governance: The Case of Greece’, Economic Analysis and Policy, 43.1, pp. 527.CrossRefGoogle Scholar
Karaman, K. and Pamuk, S. (2010) ‘Ottoman State Finances in European Perspective, 1500–1914’, The Journal of Economic History, 70, pp. 593629.Google Scholar
Karpat, K. (1972) ‘The Transformation of the Ottoman State, 1789–1908’, International Journal of Middle East Studies, 3, pp. 243–81.Google Scholar
Kelly, T. (1998) ‘Ability and Willingness to Pay in the Age of Pax Britannica, 1890–1914’, Explorations in Economic History, 35.1, pp. 3158.Google Scholar
Kiray, E. Z. (1988) Foreign Debt and Structural Change in ‘the Sick Man of Europe’ – The Ottoman Empire – 1850–1875, unpublished PhD thesis, MIT.Google Scholar
Kofas, J. V. (1981) Financial Relations of Greece and the Great Powers 1832–1862, East European Monographs: New York.Google Scholar
Lampe, J. R. (1971) ‘Financial structure and the economic development of Serbia, 1878–1912’, PhD, University of Wisconsin.Google Scholar
Lampe, J. R. and Jackson, M. R. (1982). Balkan Economic History, 1550–1950: From Imperial Borderlands to Developing Nations, Indiana University Press: Bloomington.Google Scholar
Lazaretou, S. (2005) ‘The Drachma, Foreign Creditors, and the International Monetary System: Tales of a Currency during the 19th and the Early 20th Centuries’, Explorations in Economic History, 42.2, pp. 202–36.Google Scholar
Levandis, J. A. (1944) Greek Foreign Debt and the Great Powers 1821–1898, Columbia University Press: New York.Google Scholar
Martin, I. W., Mehrotra, A. K. and Prasad, M. (2009) The New Fiscal Sociology: Taxation in Comparative and Historical Perspective, Cambridge University Press Cambridge.Google Scholar
Mauro, P. and Yafeh, Y. (2003) ‘The Corporation of Foreign Bondholders’, IMF Working Paper, No. 03107.Google Scholar
Minoglou, I. (1995) ‘Political Factors Shaping the Role of Foreign Finance: The Case of Greece (1832–1932)’, in Harriss, J., Hunter, J. and Lewis, C. M. (eds.), The New Institutional Economics and Third World Development. Routledge: London.Google Scholar
Mitchener, K. J. and Weidenmier, M. D. (2010) ‘Supersanctions and Sovereign Debt Repayment’, Journal of International Money and Finance, 29.1, pp. 1936.CrossRefGoogle Scholar
Özbek, N. (2010) ‘Osmanlı İmparatorluğu’nda Gelir Vergisi: 1903–1907 Tarihli Vergi-i Şahsi Uygulaması.’ Tarih ve Toplum Yeni Yaklaşımlar, 10, pp. 4380.Google Scholar
Palairet, M. (1979) ‘Fiscal Pressure and Peasant Impoverishment in Serbia before World War I’, The Journal of Economic History, 39, pp. 719–40.Google Scholar
Pamuk, Ş. (1978) Foreign Trade, Foreign Capital and the Peripheralization of the Ottoman Empire 1830–1913, PhD thesis, University of California, Berkeley.Google Scholar
Palamas, L. K. (1930) History of Monetary Enactments in Greece, 1828–1885, Hestia: Athens.Google Scholar
Panizza, U., Sturzenegger, F. and Zettelmeyer, J. (2009) ‘The Economics and Law of Sovereign Debt and Default’, Journal of Economic Literature, 47.3, pp. 651–98.Google Scholar
Quataert, D. (1983). Social Disintegration and Popular Resistance in the Ottoman Empire, 1881–1908: Reactions to European Economic Penetration, New York University Press: New York.Google Scholar
Quataert, D. (1994) ‘The Age of Reforms’, Part 4 of Inalcik, H. et al. (eds.), An Economic and Social History of the Ottoman Empire 1600–1914, vol. 2, Cambridge University Press: Cambridge.Google Scholar
Rose, A. K. (2005) ‘One Reason Countries Pay Their Debts: Renegotiation and International Trade’, Journal of Development Economics, 77, pp. 189206.Google Scholar
Shaw, S. J. (1962) The Financial and Administrative Organization and Development of Ottoman Egypt, 1517–1798, Princeton University Press: Princeton.Google Scholar
Shaw, S. J. (1975) ‘The Nineteenth-Century Ottoman Tax Reforms and Revenue System 1517–1798’, International Journal of Middle East Studies, 6.4, pp. 421–59.Google Scholar
Spyropoulos, P. K. and Fortsakis, T. (2009) Constitutional Law in Greece, Kluwer Law International: The Netherlands.Google Scholar
Sundhaussen, H. (1989). Historische Statistik Serbiens, 1834–1914: mit europäischen Vergleichsdaten, R. Oldenbourg: München.Google Scholar
Suter, C. (1990) Debt Cycles in the World Economy: Foreign Loans, Financial Crises and Debt Settlements, 1820–1990, Westview Press: Boulder.Google Scholar
Tilly, C. (1990) Coercion, Capital and European States, AD 990–1990. Blackwell: Cambridge, MA.Google Scholar
Tooze, A. and Ivanov, M. (2011) ‘Disciplining the “Black Sheep of the Balkans”: Financial Supervision and Sovereignty in Bulgaria, 1902–38’, The Economic History Review, 64 , pp. 3051.Google Scholar
Tunçer, A. C. (2015) Sovereign Debt and International Financial Control: the Middle East and the Balkans, 1870–1913. Palgrave Macmillan: Houndmills, Basingstoke.Google Scholar
Waibel, M. (2011) Sovereign Defaults before International Courts and Tribunals, Cambridge University Press: Cambridge.Google Scholar
Wynne, W. (1951) State Insolvency and Foreign Bondholders: Volume II: Selected Case Histories of Governmental Foreign Defaults and Debt Readjustments, Yale University Press: New Haven.Google Scholar
Yun Casalilla, B. and O’Brien, P. (2012) The Rise of Fiscal States: A Global History, 1500–1914. Cambridge University Press: New York.Google Scholar
Zourai, A. J. (1998) ‘European Capitalist Penetration of Tunisia, 1860–1881’, Unpublished PhD Thesis, University of Washington.Google Scholar

Save book to Kindle

To save this book to your Kindle, first ensure coreplatform@cambridge.org is added to your Approved Personal Document E-mail List under your Personal Document Settings on the Manage Your Content and Devices page of your Amazon account. Then enter the ‘name’ part of your Kindle email address below. Find out more about saving to your Kindle.

Note you can select to save to either the @free.kindle.com or @kindle.com variations. ‘@free.kindle.com’ emails are free but can only be saved to your device when it is connected to wi-fi. ‘@kindle.com’ emails can be delivered even when you are not connected to wi-fi, but note that service fees apply.

Find out more about the Kindle Personal Document Service.

Available formats
×

Save book to Dropbox

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Dropbox.

Available formats
×

Save book to Google Drive

To save content items to your account, please confirm that you agree to abide by our usage policies. If this is the first time you use this feature, you will be asked to authorise Cambridge Core to connect with your account. Find out more about saving content to Google Drive.

Available formats
×