Economists Eichengreen and Hausmann coined the phrase original sin to describe developing countries inability to borrow in their own currencies. Where do they believe that this inability comes from? What are other beliefs on this topic?

What will be an ideal response?

Eichengreen and Hausmann believe that this inability is a structural problem of poor countries caused by features of the global capital market such as limited additional diversification potential.
For the second part of the question, students discussion may include but is not limited to the following:
(1 ) Bad history of economic policies
(2 ) Problems arise with debt finance in international markets for developing countries