An article from the Wall Street Journal (ungated) on the five things to watch:
1. Don’t blame the Fed
2. Not all emerging markets are the same
- Two major forces are driving the biggest sell-offs: political turmoil and longstanding economic vulnerabilities
- An exodus of capital hits nations hardest when they have large trade deficits, heavy private-sector debt loads and high tabs in other currencies
3. Investors will discriminate
4. Some countries may need to seek help from the IMF
5. There is still the possibility that contagion could sread