DP539 | The Solvency of Eastern Europe

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29/03/1991

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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.