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La controversia tra la Camera di Commercio di Roma e il Consiglio del Debito Pubblico Ottomano sulla conversione delle obbligazioni privilegiate del 1890
[The dispute between the Chamber of Commerce of Rome and the Council of the Ottoman Public Debt on the conversion of priority bonds of 1890]

Author

Listed:
  • Ecchia, Stefania

Abstract

The paper aims to analyze the reasons for the dispute between the Chamber of Commerce of Rome and the Ottoman Public Debt Administration Council - set up by the Ottoman Empire following the bankruptcy to repay its external debt to the European nations - about the renegotiation the Public Debt of 1890. The Italian delegate to the Council, appointed by the Chamber of commerce of Rome, was accused by the same Chamber for exceeding its mandate because of his consent to the conversion project conceived by the British and French delegate, in concert with the Imperial Ottoman Bank, without having obtained the prior permission of the Italian bondholders represented by the Chamber. Taking a cue from the legal issue, the research will shed light on the financial maneuvers of creditor nations in connection with the Public Debt Administration.

Suggested Citation

  • Ecchia, Stefania, 2016. "La controversia tra la Camera di Commercio di Roma e il Consiglio del Debito Pubblico Ottomano sulla conversione delle obbligazioni privilegiate del 1890 [The dispute between the Chamber of Commerc," MPRA Paper 72670, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:72670
    as

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    File URL: https://mpra.ub.uni-muenchen.de/72670/1/MPRA_paper_72670.pdf
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    References listed on IDEAS

    as
    1. Marc Flandreau & Juan H. Flores, 2012. "Bondholders versus bond-sellers? Investment banks and conditionality lending in the London market for foreign government debt, 1815-1913," European Review of Economic History, European Historical Economics Society, vol. 16(4), pages 356-383, November.
    2. Rui Pedro Esteves, 2013. "The bondholder, the sovereign, and the banker: sovereign debt and bondholders' protection before 1914," European Review of Economic History, European Historical Economics Society, vol. 17(4), pages 389-407, November.
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    More about this item

    Keywords

    Ottoman Empire; Public Debt; Italy;
    All these keywords.

    JEL classification:

    • N2 - Economic History - - Financial Markets and Institutions

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