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Finance in the Ottoman Empire, 1453–1854

Pamuk, Sevket (2013) Finance in the Ottoman Empire, 1453–1854. In: Caprio, Gerard, (ed.) Handbook of Key Global Financial Markets, Institutions, and Infrastructure. Elsevier, London, pp. 197-206. ISBN 9780123978738

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Identification Number: 10.1016/B978-0-12-397873-8.00003-7


For most of its six-century existence, the Ottoman Empire is best characterized as a bureaucratic, agrarian empire. The economic institutions and policies of this entity were shaped to a large degree by the priorities and interests of a central bureaucracy. This central bureaucracy managed successfully to face a series of external and internal challenges through pragmatism and a habit of negotiation. This chapter examines the long-term changes in the Ottoman institutions of private and public finance from such a perspective of pragmatism, flexibility, and adaptiveness.

Item Type: Book Section
Official URL:
Additional Information: © 2013 Elsevier Inc.
Divisions: European Institute
Subjects: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HG Finance
JEL classification: N - Economic History > N9 - Regional and Urban History
Date Deposited: 12 Sep 2013 14:47
Last Modified: 20 Feb 2021 01:28

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