Institutional transition in money, banking and finance : the Ottoman Empire and Turkey ; 1913-1930

Özgönül, Pelin
This thesis aims at contributing to the debate on continuity/discontinuity from the Ottoman Empire to the Republic of Turkey regarding the fields of money, banking, and finance. In order to pave the way for a comprehensive exploration of the subject, Karl Polanyi's (1944) thesis on institutions and institutional change concerning the 19th century order is employed. In this context, in the particular Turkish case, the focus is placed upon the process leading to the establishment of the Central Bank of Turkey, which itself is the subject of final discontinuity. This process manifests itself in the 1913-1930 period. Concentration on the creation of national banks on the grounds of financial structure inherited from the Ottoman Empire constitutes the economic aspect of this study whereas the examination of the minutes of the National Assembly concerning banking arrangements forms the political aspect of this study.


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Citation Formats
P. Özgönül, “Institutional transition in money, banking and finance : the Ottoman Empire and Turkey ; 1913-1930,” M.S. - Master of Science, Middle East Technical University, 2003.