Title: The savings collapse during the transition in Eastern Europe
Description: The transition economies of Eastern Europe almost uniformly experienced a  precipitous plunge in savings rates - from levels above 30 percent of GDP to levels about half that - early in the 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 and long-term prospects?
Subjects: Saving and investment, Statistics
Places: Eastern Europe