1-Do you think that developing countries are more vulnerable to this kind of currency risk than developed countries are? Why?

2-As a solution for the original sin problem, Barry Eichengreen, Ricardo Hausmann and Ugo Panizza (2002) proposed and recommended to develop a basket index of emerging-market currencies so that international financial institutions could issue debt denominated in this index. How do you think about this solution? Is it applicable in the international financial market?