This book revisits an important chapter of financial history in the Middle East and the Balkans from 1870 1914. During this period, capital flows in the form of

Recent events have shown that sovereigns, just like banks, can be subject to runs, highlighting the importance of the investor base for their liabilities. This

World War I created a set of forces that affected the political arrangements and economies of all the countries involved. This period in global economic history

The last time global sovereign debt reached the level seen today was at the end of the Second World War, and this shaped a generation of economic policymaking.

The most authoritative and comprehensive book available on sovereign debt management written by practitioners and scholars of world renown.