Foreign long term government loans of Serbia 1862-1914
AbstractThe paper gives an overview of foreign government loans to Serbia from 1862 to 1914. It considers the reasons for borrowing abroad and the conditions under which foreign banks placed Serbian government bonds on the European capital markets. Special attention is paid to the phenomenon of foreign government loans issued below par. Also, an analysis is made of the relationship between the stability of government finances and effective interest rates.
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Bibliographic InfoPaper provided by National Bank of Serbia in its series SEEMHN papers with number 11.
Length: 21 pages
Date of creation: Mar 2009
Date of revision:
Note: The paper was presented at the Fourth Annual SEEMHN Conference hosted by the National Bank of Serbia, 27 March 2009 in Belgrade.
Contact details of provider:
Postal: 12 Kralja Petra St, 11 000 Belgrade
Web page: http://www.nbs.rs/
More information through EDIRC
Foreign Government Loans; Government Bonds Issued Below Par; Serbia 1862-1914;
Find related papers by JEL classification:
- H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
- N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
- N23 - Economic History - - Financial Markets and Institutions - - - Europe: Pre-1913
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