"What Turkey's constitutional crisis means for investors
Events in Turkey over the past week have amply demonstrated the risks investors face when investing heavily in emerging economies. To some extent too the outcome of those events and accompanying equity and currency market volatility go some way towards illustrating the threat posed to investors generally when geo-politics assumes the upper hand in apparently serene financial market conditions. In the following paragraphs we look behind the events of the past week in some detail and argue that just because frantic efforts are now being made to give the impression of stability one of the best performing equity markets of 2007 is far from out of the woods."
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