Frontmatter -- Contents -- Acknowledgments -- Introduction: Debt Denomination and Financial Instability in Emerging Market Economies / Hausmann, Ricardo / Eichengreen, Barry -- 1. The Pain of Original Sin / Panizza, Ugo / Hausmann, Ricardo / Eichengreen, Barry -- 2. Must Original Sin Cause Macroeconomic Damnation? / Velasco, Andrés / Chang, Roberto / Céspedes, Luis Felipe -- 3. A Fiscal Perspective on Currency Crises and Original Sin / Maćkowiak, Bartosz / Corsetti, Giancarlo -- 4. Original Sin, Balance-Sheet Crises, and the Roles of International Lending / Zettelmeyer, Jeromin / Jeanne, Olivier -- 5. How Original Sin Was Overcome: The Evolution of External Debt Denominated in Domestic Currencies in the United States and the British Dominions, 1800-2000 / Redish, Angela / Meissner, Christopher M. / Bordo, Michael D. -- 6. Old Sins: Exchange Clauses and European Foreign Lending in the Nineteenth Century / Sussman, Nathan / Flandreau, Marc -- 7. Why Do Emerging Economies Borrow in Foreign Currency? / Jeanne, Olivier -- 8. Why Do Countries Borrow the Way They Borrow? / Hausmann, Ricardo / Chamon, Marcos -- 9. The Mystery of Original Sin / 10. Original Sin: The Road to Redemption / List of Contributors -- Index