The Solvency of Eastern Europe

Daniel Cohen

No 539, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: This paper applies the methodology and the empirical results derived from the `endogenous growth literature' to the East European countries. From that baseline, we analyse the solvency of Eastern Europe by calculating a `growth-adjusted-debt-per-effective-capita' measure of the burden of debt in these countries. Finally, we calculate a benchmark for the secondary market price of their debts.

Keywords: Debt; Eastern Europe; Growth (search for similar items in EconPapers)
Date: 1991-03
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