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HISTORY OF ESTABLISHMENT OF FIRST BANK IN OTTOMAN EMPIRE
Journal: Synergy of Science (Vol.8, No. 1)Publication Date: 2017-02-28
Authors : Yusupov I.I.;
Page : 0-0
Keywords : bank; banking system; Ottoman empire; Turks; economy; Europe; capital; сapitulation.;
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Abstract
The first state banks were established in Ottoman Empire in the middle of the 19th century due to the deep financial and economic crisis of the country. Despite the fact that banks were called "state banks", they were mainly established by western capitalists and they implemented banking functions in favor of Western countries.
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Last modified: 2017-02-24 22:46:23