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Bent Vale

Head of research

E-mail: bent.vale@norges-bank.no

Phone: +47-22 31 66 74
Fax: +47 22 42 40 62
Norges Bank
Bankplassen 2
P.O.Box 1179 Sentrum
0107 Oslo
Norway

• CV
• Published

Research interests

Bent Vale is Head of research for the banking and finance group.

Vale has been with Norges Bank since February 1988. He has his PhD in economics from the University of Oslo in 1992.

Vale's research interests are in financial stability, more specifically bank behaviour, both empirical and theoretical. His research focuses on (i) banks' risk taking in competitive credit markets and market discipline, (ii) corporate governance in banking, (iii) economies of scale in banking, (iii) switching costs in credit markets, and (iv) the Norwegian banking crisis.

Research in progress

“What determines banks’ market power? Akerlof or Herfindahl” (with Moshe Kim and Eirik Gaard Kristiansen).
Updated version of Norges Bank Working Paper 2005/8