4. Brady Bonds and Emerging Markets. Emerging mar- kets have repeatedly been beaten down with every major international financial crisis, whether it be the Mexican peso (1994), the Thai baht (1997), the Russian ruble (1998), or the Brazilian real (1999). Use the following Web sites to prepare an analysis of why these markets come under such severe pressure when a crisis occurs somewhere else around the globe. www.bradynet.com/ Brady Network Brady Bond Primer www.emgmkts.com/research/bradydef.htm