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Credit Institutions in the Bulgarian Lands during the 18th and 19th Centuries. An Attempt for Review

Author

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  • Hristiyan Atanasov

    (State University of Library Studies and Information Technologies, Sofia, Bulgaria)

Abstract

The proposed paper offers an overview of the credit institutions functioning during the Bulgarian Revival period. The moral norms about interest and usury, which were determined by the religious worldview, are presented. Credit institutions are divided by religion – Islamic or Orthodox. The Ottoman state credit institutions (the "common benefit" funds and orphan funds) are described. Attention is paid to the famous Ottoman cash waqfs, which also had important activity in the Bulgarian lands. Orthodox credit institutions are also subject to analysis – the municipal funds, the school and church boards funds and so on. Special attention is paid to private credit institutions that were created after the 1840s by Bulgarians and considered the beginning of banking in the Bulgarian lands.

Suggested Citation

  • Hristiyan Atanasov, 2018. "Credit Institutions in the Bulgarian Lands during the 18th and 19th Centuries. An Attempt for Review," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 3, pages 62-75, November.
    • Handle: RePEc:ceh:journl:y:2018:v:3:p:62-75
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    References listed on IDEAS

    as
    1. Dimitar Hristov, 2016. "Urban Economy of the City of Ohrid (19th C - 20th C)," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 1, pages 405-419, November.
    2. Pencho D. Penchev, 2015. "Economic forms, state socio-economic policy and socioeconomic ideas of Bulgarian society in the context of the orthodox Christianity (9th - first half of the 19th century)," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 4, pages 122-136,137.
    3. Koyama, Mark, 2010. "Evading the 'Taint of Usury': The usury prohibition as a barrier to entry," Explorations in Economic History, Elsevier, vol. 47(4), pages 420-442, October.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Hristiyan Atanasov, 2020. "Regional Municipality Councilors as Creditors: Concerning a Publication in the Dunav Newspaper of 1872," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 5, pages 135-149, November.
    2. Ayse Kayapinar, 2021. "Examples of Cash-Waqfs in Ruse and Turnovo (17th –19th Centuries)," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 6, pages 203-224, November.
    3. Sevket Kamil Akar & Mustafa Can Guripek, 2021. "Ottoman Institutions and Legal Regulations in 19th Century Bulgarian Economy; A Review Based on Institutional Economics," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 3, pages 443-458, September.

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    More about this item

    Keywords

    interest; usury; credit; credit institution; common benefit funds; orphan funds; banking;
    All these keywords.

    JEL classification:

    • N23 - Economic History - - Financial Markets and Institutions - - - Europe: Pre-1913
    • N25 - Economic History - - Financial Markets and Institutions - - - Asia including Middle East

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