French Foreign Policy and Financial Institutions in the Process of the Consolidation of Ottoman Foreign Debts Osmanlı Dış Borçlarının Bı̇rleştı̇ rı̇ lmesı̇ Sürecı̇nde Fransız Dı̇ ploması̇sı̇ ve Fı̇nans Kurumları


SEFER S.

Turkish Journal of History, no.84, pp.127-157, 2024 (ESCI) identifier

  • Publication Type: Article / Article
  • Publication Date: 2024
  • Doi Number: 10.26650/iutd.1542590
  • Journal Name: Turkish Journal of History
  • Journal Indexes: Emerging Sources Citation Index (ESCI), Scopus, L'Année philologique, Historical Abstracts, MLA - Modern Language Association Database, Directory of Open Access Journals, TR DİZİN (ULAKBİM)
  • Page Numbers: pp.127-157
  • Keywords: bondholders, Debt contracts, diplomacy, France
  • Istanbul University Affiliated: Yes

Abstract

This study aims to examine some of the issues discussed in the literature on international foreign debt contracts within the framework of the Consolidation of Ottoman Foreign Debts Project (Tevhîd-i Düyûn). At the early years of the twentieth century, when the compliance of external debt contracts with the rules of international law was being debated, one of the issues questioned was the situation between states and their citizens who were creditors of another state. The main problematics under examination are as follows: the conditions under which states could intervene in contracts, the expectations of bondholders from their governments, and the points where the interests of the two sides conflicted and met. The answers to these questions will be sought in France's influence on the restructuring of the Ottoman foreign debt and its relationship with French bondholders.