The crisis has forced a rethink in the way emerging markets approach reserve accumulation, Atchana Waiquamdee, a vice governor of the Bank of Thailand, said on Thursday.

Waiquamdee told an audience at the National Asset Liability Management conference in London that the concept of reserve adequacy had been shaken up by the events of the past few years. "Before the crisis, we talked about reserve adequacy, but traditional measures, such as the months of imports that reserves can cover, are