Turkey’s currency crisis is sending ripples through global financial markets, but analysts say it isn’t necessarily a death sentence for all emerging-market currencies. Indeed, “the factors that are driving the lira down appear mostly country-specific and so the slump in the lira should not trigger a full-blown currency crisis in most other emerging markets,” wrote Agathe Demarais, principal economist at the Economist Intelligence Unit. “Very few — if any — of them share similar characteristics.” “The Turkey crisis is largely idiosyncratic, although its triggers are often external factors,” said TD Securities strategists led by Christian Maggio, head of EM strategy. But even idiosyncratic problems can lead to a chain of dominoes to fall, warned Scott Minerd, global chief investment officer at Guggenheim Partners, calling on investors not to be complacent.via