The study analyzes the relationship among domestic debt-inflation-domestic debt cost-external debt-external dependency-crisis in the Ottoman Empire and in the Republic of Turkey. The study discusses that the monetary based explanations have not been satisfactory for the period of 1830-2005...

In this multi-country study, sample countries selected from each segment of development levels areanalysed in terms of demography, urbanization, economic policy, geographical location, natural resources, human capital, income distribution and several other factors. In a former study by the...

The paper aims to investigate the economic relationship between inflation and domestic debt. In countries that experience high inflation, the inflationary process fed on increasing costs of domestic debt. As a result, the increasing debt to GDP ratios led these countries to borrow at higher...