DOMESTIC ORIGINAL SIN OF SOVEREIGN DEBT IN TÜRKİYE

Home Page
About
Submit A Journal
Submit A Conference
Submit Paper/Book
- Submit a Preprint
- Submit a Book
Contact

Anadolu Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi
Volume:25 Issue:3
DOMESTIC ORIGINAL SIN OF SOVEREIGN DEBT IN TÜRKİYE

DOMESTIC ORIGINAL SIN OF SOVEREIGN DEBT IN TÜRKİYE

Authors : M Coşkun Cangöz

Pages : 347-362

Doi:10.53443/anadoluibfd.1418749

View : 71 | Download : 68

Publication Date : 2024-09-29

Article Type : Review Paper

Abstract :The study analyzes the original sin of sovereign debt in Türkiye with a focus on domestic original sin. Eichengreen and Hausmann (1999) define original sin as the inability of a country to borrow in its own currency in the international market, while the issuance of foreign currency debt in the domestic market is defined as domestic original sin (Eichengreen, Hausmann, and Panizza, 2003). In this context, the structure of the debt portfolio was evaluated based on the indicators developed by Eichengreen, et al. (2003) and its simplified version widely used in the literature. Based on the analysis of the sovereign debt portfolio, it has been concluded that although the debt stock to GDP ratio is relatively low in Türkiye, the domestic original sin has reached historically high levels and currency mismatch is significant.
Keywords : İlk Günah, Devlet Borcu, Döviz Kuru Riski

ORIGINAL ARTICLE URL

* There may have been changes in the journal, article,conference, book, preprint etc. informations. Therefore, it would be appropriate to follow the information on the official page of the source. The information here is shared for informational purposes. IAD is not responsible for incorrect or missing information.