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Why this emerging market crisis isn’t like 1997 Add to ...

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The emerging markets are looking more submerged with each passing day, as investors fret about anything carrying even a sniff of risk. This collective case of nerves, which has been building for a while, has forced harried monetary officials in Turkey and a handful of other countries to intervene to shore up battered currencies and driven emerging equities to their worst January performance since the height of the Great Recession in 2009.

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