International Finance - Recent Developments

David Wessel of WSJ has a fascinating column on the recent rise in global financial market volatility

http://online.wsj.com/article/SB10001424127887324904004578539730750353330.html

Dangers of ‘hot money’ flows

http://online.wsj.com/article/SB10001424127887324904004578539263826544252.html

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Are Currency Markets Rigged?

http://www.bloomberg.com/news/2013-06-11/traders-said-to-rig-currency-rates-to-profit-off-clients.html

Rupee decline attracts some foreign investors

http://www.bloomberg.com/news/2013-06-12/pimco-to-hsbc-see-opportunity-in-record-low-indian-rupee.html

Jeffrey Frankel on ‘Currency Wars’

http://www.project-syndicate.org/print/dispatches-from-the-currency-wars

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Greece Falls to Emerging Market Status

In a recent report (2013 ANNUAL MARKET CLASSIFICATION REVIEW – June 11, 2013), MSCI noted the following:

http://www.msci.com/products/indices/size/standard/announcements.html

“[MSCI] … announced today its decision to reclassify the MSCI Qatar and MSCI UAE Indices from Frontier Markets to Emerging Markets, the MSCI Greece Index from Developed Markets to Emerging Markets and the MSCI Morocco Index from Emerging Markets to Frontier Markets.”