Capital Flows, Contagion and Sudden Stop
Latin America and China
Oil dependent Russian economy appears to be headed for a crisis:
http://www.washingtonpost.com/blogs/wonkblog/wp/2014/12/15/russias-economy-is-doomed-its-that-simple/
Decline in Commodity Prices
http://www.project-syndicate.org/print/commodities-oil-falling-prices-by-jeffrey-frankel-2014-12