Dudzich, Viktar - In: Národohospodářský obzor : časopis věnovaný … 20 (2020) 1, pp. 3-22
Public foreign currency borrowing is a common problem of emerging markets. Scholars named it the original sin of … increasing the probability of monetary crises. The roots of the original sin often lay in emerging markets' institutional … borrowing. Thus countries that want to reduce the burden of the original sin should lean towards a more flexible exchange rate …