What does the crisis in the Eurozone mean for our markets--and how can you protect your portfolio against a breakup of the Euro? A leading currency expert explainsLittle has been written about the instability of the Euro, but it's a very real threat to investors worldwide, as well as to the...

Using several new datasets, I document the role of legal risk premia in bond yields during the Euro-crisis. I find evidence of a rising premium especially in late 2011 and mid-2012 on bonds with foreign governing law relative to those with local governing law (and otherwise similar...