Brazil's C-Bond is more than just another Brady. It is a landmark in the emerging market asset class. It is the largest, most liquid of all the Bradys. Last year's trading volume totaled $289 billion. Its launch in 1994 was particularly auspicious, coming in the year the government launched its Real Plan that crushed inflation and marked the beginning of a period of reform and growth. William Rhodes (see page 67) chaired the banking committee, made up of several international banks including Morgan Guaranty, Lloyds, Chase Manhattan...
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