Between war and peace: The Ottoman economy and foreign exchange trading at the Istanbul bourse

Arbeitspapier

Between 1914 and 1918, the Ottoman Empire was involved in the First World War, which caused economic disruptions, huge budget deficits, surmounted inflation rates and excessive devaluation of Lira, the Ottoman currency. Based on the value of Lira against the currencies of three selected countries that were not in the war, we focus on the effects of news about the war on the foreign exchange rates at the Istanbul bourse from 1918 to 1919. Our results signify some dates, which match the official announcements of the war events and/or the official treaties.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: EHES Working Papers in Economic History ; No. 108

Classification and Topics

• Classification: Wirtschaft ; Economic History: Financial Markets and Institutions: Asia including Middle East ; Economic History: Government, War, Law, International Relations, and Regulation: Asia including Middle East
• Subject: The Istanbul bourse ; foreign exchange trading ; the First World War ; the armistices ; economic recovery

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Hanedar, Avni Önder ; Gencer, Hatice Gaye ; Demiralay, Sercan ; Altay, Ismail
• Event: Veröffentlichung
• (who): European Historical Economics Society (EHES)
• (where): s.l.
• (when): 2017

Further information

• Handle: http://hdl.handle.net/10419/247039
• Last update: 10.03.2025, 11:43 AM CET