DP539 The Solvency of Eastern Europe

Author(s):	Daniel Cohen
Publication Date:	March 1991
Keyword(s):	Debt, Eastern Europe, Growth
JEL(s):	111, 443
Programme Areas:	International Macroeconomics
Link to this Page:	cepr.org/active/publications/discussion_papers/dp.php?dpno=539

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.