Düzçay, Güney and Öncü, T. Sabri <br/><br/>
India’s inclusion in the JP Morgan GBI-EM indices: A path to Eden or just another sin? 

 - Economic and Political Weekly  
 - 58(47). Nov  25, 2023: p.13-18 
<br/><br/> The concept of “original sin” was introduced by Eichengreen and Hausmann (1999), defining it as “a situation in which the domestic currency cannot be used to borrow abroad or to borrow long term, even domestically.” Subsequently, Eichengreen et al (2003) redefined the concept as a country’s inability to borrow abroad in its own currency, suggesting the term “domestic original sin” for the country’s inability to borrow in its own currency long-term domestically. We adopt the Eichengreen et al (2003) definition of original sin.- Reproduced <br/><br/>https://www.epw.in/journal/2023/47/h-t-parekh-finance-column/indias-inclusion-jp-morgan-gbi-em-indices.html<br/> 
<br/><br/><label>Subjects--Topical Terms: </label><br/>Original sin  Domestic currency  Borrowing abroad  Eichengreen and Hausmann (1999)  Eichengreen et al (2003)  Domestic original sin  International finance  Long-term borrowing  Currency risk  Economic implications