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Bent Vale

Curriculum Vitae

Education | Employment | Fields of interest | Publications | Working papers | Teaching and evaluation | Visits | Personal | Miscellaneous

•  Banking, empirical and theoretical

Published and Forthcoming Papers in Refereed Journals

1. "Endogenous product differentiation in credit markets: What do borrowers pay for?". (with Moshe Kim and Eirik G. Kristiansen)
   in Journal of Banking and Finance, vol 29, 2005, pp. 681-699.
2. "Scale economies, bank mergers and electronic payments: A spline function approach". (with David B. Humphrey)in Journal of Banking and Finance, vol 28, 2004, pp. 1671-1696.
3. "Estimating switching costs: The case of banking". (with Moshe Kim and Doron Kliger)
   in Journal of Financial Intermediation, vol 12, 2003, pp. 25-56.
4. "Firms' inventory investments, financial conditions and banking crisis".
   in Research in Banking and Finance - vol. 2 (Iftekhar Hassan and William C. Hunter, eds.) 2002, JAI Press.
5. "Non-price strategic behavior: The case of bank branches" (with Moshe Kim)
   in International Journal of Industrial Organization vol. 19, 2001, pp. 1583-1602.
6. "Realizing the Gains from Electronic Payments: Costs, Pricing, and Payment Choice" (with David B. Humphrey and Moshe Kim).
   in Journal of Money, Credit, and Banking, vol. 33, 2001, pp. 216-234.
7. "Finansmarkedenes rolle, penge- og valutapolitikken" (in Norwegian)
   in Norske finansmarkeder, norsk penge- og valutapolitikk (Bent Vale, ed.), Norges Banks Skriftserie, nr. 23, Norges Bank, 1995.
8. "Private realinvesteringer og asymmetrisk informasjon - hvilke muligheter har norske myndigheter til å påvirke investeringene" (in Norwegian) .
   in Norsk Økonomisk Tidsskrift (NØT), vol. 108, 1994, pp. 271-300.
9. "The Dual Role of Demand Deposits under Asymmetric Information"
   in Scandinavian Journal of Economics, vol. 95, 1993, pp. 77-95.
10. "Effects on unemployment of reduced working time in an economy where firms set wages" (with Michael Hoel).
    in European Economic Review, vol. 30, 1986, pp. 1097-1104.

Other Publications

1. The Norwegian banking crisis. In "The Norwegian Banking Crisis" edited by T.G. Moe, J.A. Solheim, and B. Vale
   Norges Bank Occasional Papers No. 33, Norges Bank, 2004.
2. Four Essays on Asymmetric Information in Credit Markets. Doctoral dissertation
   Norges Banks Skriftserie, no 20, Norges Bank, 1992.

Working Papers

1. "Endogenous product differentiation in credit markets: What do borrowers pay for?" (with Eirik Gaard Kristiansen and Moshe Kim)Replaced by article in Journal of Banking and Finance. See list above.
   Working Paper 2001/8, Norges Bank.
2. "Corporate taxation and equity constraints. On the non-neutrality of allegedly neutral taxation"
   Working Paper 1992/1, Norges Bank.
3. "An example of economies of scope in banking under asymmetric information"
   Working Paper 1991/4, Norges Bank.
4. "Reserve requirements, asymmetric information, credit rationing and screening costs"
   Working Paper 1990/6, Norges Bank.
5. "Impact of central bank lending under asymmetric information in credit markets"
   Working Paper 1989/8, Norges Bank.
6. "Makroøkonomisk stabilisering og kredittpolitikk - noen forenklinger og utvidelser av Leif Johansens modell" (in Norwegian)
   Working Paper 1988/9, Norges Bank.

Teaching and Evaluation

• Economics of banking, Norwegian School of Management (BI) (1995-2002)
• Macroeconomics (graduate course), University of Oslo (1991, 1992)
• Macroeconomics (undergraduate), University of Oslo (1988, 1990)
• Money and foreign exchange (undergraduate), Banking College/Norwegian School of Management (BI) (1986-1998)
• Money and credit (graduate level), University of Oslo (1985)

Visits

• Economics Department, Stanford University, January 1989-August 1989

Personal

• Born March 18, 1954, Oslo.
• Nationality: Norwegian

Miscellaneous

• Member of the Research Task Force of the Basel Committee, 2000-