India’s inclusion in the JP Morgan GBI-EM indices: A path to Eden or just another sin?
By: Düzçay, Güney and Öncü, T. Sabri
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Material type: 
BookPublisher: Economic and Political Weekly Description: 58(47). Nov 25, 2023: p.13-18.Subject(s): 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
In:
Economic and Political WeeklySummary: 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
https://www.epw.in/journal/2023/47/h-t-parekh-finance-column/indias-inclusion-jp-morgan-gbi-em-indices.html
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
Articles
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Indian Institute of Public Administration | 58(47). Nov 25, 2023: p.13-18 | Available | AR130962 |
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
https://www.epw.in/journal/2023/47/h-t-parekh-finance-column/indias-inclusion-jp-morgan-gbi-em-indices.html
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