Original sin (economics)
Inability of countries to borrow abroad in domestic currency / From Wikipedia, the free encyclopedia
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For other uses, see Original Sin (disambiguation).
Original sin is a term in economics literature, proposed by Barry Eichengreen, Ricardo Hausmann, and Ugo Panizza in a series of papers to refer to a situation in which "most countries are not able to borrow abroad in their domestic currency."[1][2][3][4][5]
The name is a reference to the concept of original sin in Christianity.