Reynaud, Julien; Mehl, Arnaud - Money Macro and Finance Research Group - 2007
systematic analysis of the determinants of the so-called domestic original sin, which refers to the inability of emerging …. It finds that domestic original sin is particularly severe when inflation is lofty, the debt service-to-GDP ration high … original sin, reduce domestic debt riskiness and tilt its composition towards safer, long-term, unindexed, local currency …