I posted on Nomura's heads up to the emerging market risk here yesterday:
I referred to a piece in the Financial Times with more, but as y'all know the FT is gated so maybe you coudn't get there
Bloomberg have an ungated piece up I have just noticed, on the same subject matter. So, if you are choosing which EM to trash next, this might help ;-)
- Nomura's findings are based on an early warning model -- called Damocles -- set up to identify exchange rate crises for 30 emerging economies