This second strand of literature too moves from the behaviour of a number of emerging countries (not only in Asia) in the aftermath of the Asian crisis, but focuses primarily on the excessive build-up of foreign exchange reserves.
Based on the outcome we will determine if there is the need for any additional measures. As at now, we believe the measures are sufficient to deal with the seasonalities. Bond issue There are initial discussions on the possibility of issuing a sovereign bond this year. However, no firm decision has been taken on its size and purpose.