The Savings Collapse during the Transition in Eastern Europe

  title={The Savings Collapse during the Transition in Eastern Europe},
  author={Cevdet Denizer},
  • Cevdet Denizer
  • Published 2000
The Savings Collapse The transiti Dn economies of Eastern Europe almost during the Transition uniformly experienced a precipitous plunge in savings rates-from levels above 30 percent of GDP to levels Cevdet Denizer about half that-early in the Holger C. Wolf transition, before rebounding slightly. Did savings collapse because involuntary savings were eliminated (when goods became available for purchase) or because of a change in equilibrium savings, reflecting the changed economic circumstances… CONTINUE READING

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