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Discussion Paper Details

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Title: The Solvency of Eastern Europe

Author(s): Daniel Cohen

Publication Date: March 1991

Keyword(s): Debt, Eastern Europe and Growth

Programme Area(s): International Macroeconomics

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.

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Bibliographic Reference

Cohen, D. 1991. 'The Solvency of Eastern Europe'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=539