Even if a number of pundits have the opinion that emerging economies can likely withstand a Fed rate hike, it would absolutely matter for all as investors have already began to flee with the tightening in financial conditions. On the other hand concerns about emerging market fundamentals have risen with the news signs of China’s slowdown that has intensified fears that the ongoing emerging economies growth deceleration is not over yet. This unsurprisingly led downward revisions to growth...