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The Solvency of Eastern Europe

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  • Cohen, Daniel

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.

Suggested Citation

  • Cohen, Daniel, 1991. "The Solvency of Eastern Europe," CEPR Discussion Papers 539, C.E.P.R. Discussion Papers.
    • Handle: RePEc:cpr:ceprdp:539
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    Cited by:

    1. Lane, Philip R. & Milesi-Ferretti, Gian Maria, 2001. "The external wealth of nations: measures of foreign assets and liabilities for industrial and developing countries," Journal of International Economics, Elsevier, vol. 55(2), pages 263-294, December.
    2. Margarida Ponte Ferreira, 1994. "Integrating Poland in the World Economy: An Assessment of the Impact of Trade Liberalisation and Growth," The World Economy, Wiley Blackwell, vol. 17(6), pages 869-884, November.

    More about this item

    Keywords

    Debt; Eastern Europe; Growth;
    All these keywords.

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