Assistant director

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 works in the  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

Life-Cycle Patterns of Interest Rate Markups in Small Firm Finance (with Moshe Kim and Eirik Gaard Kristiansen).
Updated version of Norges Bank Working Paper 2005/8

"Social Capital and the Viability of Nonprofit Firms: Evidence from Norwegian Savings Banks" (with Charlotte Ostergaard and Ibolya Schindele)
Talk at Sparebankforeningen 7 December 2007Sparebankforeningen_final.pdf