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Money without a State: Currencies of the Orthodox Christians in the Balkan Provinces of the Ottoman Empire (17th-19th Centuries)

Author

Listed:
  • Nikolay Nenovsky

    (CRIISEA - Centre de Recherche sur les Institutions, l'Industrie et les Systèmes Économiques d'Amiens - UR UPJV 3908 - UPJV - Université de Picardie Jules Verne)

  • P. Penchev

Abstract

The paper presents a historical and theoretical analysis of the issue of local currency (coins and paper money), undertaken in various forms by the Orthodox Christians in the Balkan provinces of the Ottoman Empire (XVII \textendash XIX centuries). The paper has two main goals. The first is to enrich the discussion on the diversity and complexity of monetary practices in historical perspective by including experience of the Ottoman Empire. The second is to contribute to a better understanding and rethinking of the economic and social processes in the Ottoman Empire which helped its centuries-long resilience and vitality. In fact, the monetary architecture of the Ottoman Empire was relatively complex. Despite the tension between its different monetary areas and layers, on the whole it managed to ensure flexibility, sustainability, and efficiency in the long-run. \textcopyright 2014, Springer Science+Business Media New York.

Suggested Citation

  • Nikolay Nenovsky & P. Penchev, 2016. "Money without a State: Currencies of the Orthodox Christians in the Balkan Provinces of the Ottoman Empire (17th-19th Centuries)," Post-Print hal-03680627, HAL.
    • Handle: RePEc:hal:journl:hal-03680627
    DOI: 10.1007/s11138-014-0281-9
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    Cited by:

    1. Nikolay Nenovsky & Pencho Penchev, 2018. "The Austrian school in Bulgaria: A history," Russian Journal of Economics, ARPHA Platform, vol. 4(1), pages 44-64, April.
    2. Hristiyan Atanasov, 2017. "A Financial Reading of the „Tsarigradski newspaper”. An Attemp (1848–1862)," Proceedings of the Centre for Economic History Research, Centre for Economic History Research, vol. 2, pages 72-91, November.

    More about this item

    JEL classification:

    • N13 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Europe: Pre-1913
    • N93 - Economic History - - Regional and Urban History - - - Europe: Pre-1913
    • E42 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Monetary Sytsems; Standards; Regimes; Government and the Monetary System

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