%0 Journal Article
%T Domestic Original Sin in Public Debt Management: The Case of Turkey (1996-2016)
%A Binhan Elif YILMAZ
%J -
%D 2018
%X The concept of original sin was introduced in 1999 with the leading studies of Eichengreen and Hausman, and the literature on this concept was expanded by contributions of Eichegreen, Panizza and Hausman (2003, 2005). Domestic original sin is defined as the inability of a country to borrow long term loans from the domestic market with the domestic currency at fixed interest rate. In this case, the amount of international debt from foreign markets increases due to the original sin, which increases the financial vulnerabilities of the countries and makes them vulnerable to debt and money crises
%K Yurti£¿i Orijinal G¨¹nah
%K Kamu Bor£¿ Y£¿netimi
%K D£¿viz Uyumsuzlu£¿u
%U http://dergipark.org.tr/auiibfd/issue/40845/492747