Other People's Money

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WHAT DRIVES CAPITAL FLOWS TO EMERGING MARKETS? A SURVEY OF THE EMPIRICAL LITERATURE (2018, neutral): “Since then, there has been rapid growth in local currency bond markets, against the “original sin” hypothesis, according to which emerging markets would not be able to borrow in their own currencies in large scale (e.g., Eichengreen and Hausmann 1999; 2005).”
Capital Flows and Financial Stability: Monetary Policy and Macroprudential Responses (2011, background): “Equation (22) indicates that the entrepreneur’s net worth is made up of the return on investment and the entrepreneurial wage income.”
Public debt and financial development (2009, background): “The consequences of large public sector borrowing from the domestic banking sector are also a timely policy issue, given the ongoing debate on optimal debt structures (e.g., Borensztein et al., 2004; Eichengreen and Hausmann, 2005; Reinhart et al., 2003).”
Emerging Local Currency Bond Markets (2012, background): “For more on the original sin hypothesis, see Eichengreen and Hausmann (1999, 2005).”