This year has once again witnessed a currency crisis in asia. The emerging Asia countries that were a part of the Asian financial crisis in 1997, are again at the receiving end of a strong dollar. They have learnt from their mistakes and indeed come a long way. But, the recent episode of outflows has revealed, that in trying to fix some of the past mistakes, they have bought back the same vulnerabilities. This is what has been coined as the ‘Original sin redux’. There is still a lot that needs to be done on the policy front. In this episode I am going to talk about all of this, with the emerging asia bond markets at the centre of it.