Kjell Bjørn Nordal

Curriculum Vitae

Education | Employment | Fields of interest | PublicationsWorking Papers | Presentations | Visits | Personal

Education and degrees

1998 Dr.Oecon, Norwegian School of Economics and Business Administration (NHH).
1989 Høyere Avdelings Eksamen (HAE), Norwegian School of Economics and Business Administration (NHH)
1987 Master of Management (Siviløkonom), Norwegian School of Economics and Business Administration (NHH)

Employment

2005- Senior advisor, Research department, Norges Bank (Central bank of Norway)
2001-2004 Senior advisor, Financial Stability Wing, Norges Bank (Central bank of Norway)
1999-2001 Researcher, Institute for Research in Economics and Business Administration (SNF)
1997-1998 Assistant and associate professor, Stavanger University
1992-1994 Project and Liner manager, Wilhelmsen Lines
1989-1992 Project broker, Norse Partners

Fields of Specialization

  • Primary: Corporate finance, capital budgeting
  • Secondary: Asset Pricing, credit risk

Publications

Refereed

  • "A real options approach for evaluating the implementation of a risk-sensitive capital rule in banks", Review of Financial Economics, 2009, pp. 132-141
  • "Investing without credible inter-period regulations: a bargaining approach with application to investments in natural resources", Energy Economics, 2002, pp. 167-182
  • "Country risk, country risk indices and valuation of FDI: a real options approach", Emerging Markets Review, 2001, pp. 197-217
  • "Political risk: valuation and decision making with a focus on oil investments", dissertation submitted for the degree of dr.oecon, NHH, Bergen, 1998

Other

  • "Solvensavstand og andre risikoindikatorer for banker", Staff Memo nr. 6 2009, Norges Bank, med Per Atle Aronsen
  • "The IMF's stress testing of the Norwegian financial sector", with J. Hagen, A. Lund, and E. Steffensen, Economic Bulletin, No. 4, 2005, pp. 202-211
  • "Monetary and financial stability in Norway: what can we learn from macroeconomic stress tests?", with S. Evjen, A. Lund, K. Haare Morka, and I. Svendsen, in BIS Papers No. 22 - Investigating the relationship between the financial and real economy, 2005, pp. 409-430
  • Country risk - valuation and risk management, SNF report 54, 1999, Institute for research in economics and business administration

Working papers

  • "Banks' optimal implementation strategies for a risk sensitive regulatory capital rule: a real options and signalling approach".
    Working Paper, ANO 2006/12, Norges Bank
  • "Foreign direct investment and local cooperation: a contingent claims approach".
    Discussion Paper 2000/26, Department of finance and management science, Norwegian School of Economics and Business Administration (NHH)

Presentations

12th Annual International Conference on Real Options 2008;  Australasian Finance and Banking Conference 2006; Fagkonferanse i bedriftsøkonomiske emner (FIBE) 2007, 2008

Visits

  • Boston University, School of Management, 1999-2000
  • Columbia University, Graduate School of Business, 1995-1996

Personal

  • Born 1962
  • Nationality: Norwegian

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