Further, there is a need for a debate on creation of a separate agency/institution to promote market making in corporate bonds, on the lines of institutions established to promote government securities market.
BIS Review 98/1997  -3The pressures on fixed exchange rate regimes mounted as foreign investors slowed the pace of new capital inflows, and domestic businesses sought increasingly to convert domestic currencies into foreign currencies, or, equivalently, slowed the conversion of export earnings into domestic currencies.