But two key events last year have served as a sharp reminder that emerging markets aren't just one-way, money-spinning investments. First, there was the military coup in Thailand on September 19. In fact, the financial markets responded fairly positively, as it was seen as ending the uncertainty surrounding former prime minister Thaksin Shinawatra's rule. However, botched currency controls implemented by the Thai central bank in December demonstrate that emerging markets can still throw up nasty

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