The authors investigate the external solvency of three Balkan countries, two of which are socalled late transition countries (Bosnia and Herzegovina and Serbia), while Bulgaria is a country that has completed the transition and become a member of the European Union since 2007. Two indicators of external solvency are analysed: External debt/g...

By Danijela Despotović, Srđan Milicević, Vladimir Nedić, Slobodan Cvetanović