The purpose of this paper is to suggest five indicators to augment the so-called traditional indicators of sound macroeconomic fundamentals, viz., fiscal balance, inflation, BOP position, RER, GNP growth, employment generation, etc., in an open economy. Lately, there has been an exploitation of indicator studies, especially currency crisis indicators that are mostly of the econometric variety. We had BOP crises halting recoveries in 1949, 1958-60, 1969-70, 1983-85, 1991-92 and now a currency crisis in 1998.
