Dagfinn Rime Dagfinn Rime
Professor of Finance 

My primary research interests are in international finance, in particular the microstructure of foreign exchange markets. Before moving to BI I worked for the Norges Bank (Central bank of Norway), doing research and giving support to the Market Operation Department. I currently hold a part-time position with Norges Bank.

My papers have been published in journals like J. of Financial Econ., J. of Monetary Econ., J. of Int. Econ., J. of Banking and Finance and J. of Int. Money and Finance.

Recent Working papers

  • NEW Fixing the Fix? Assessing the Effectiveness of the 4pm Fix Benchmark, with Martin D.D. Evans, Peter O'Neill, and Jo A. Saakvitne. FCA OP 46 SSRN
  • NEW Publication of Interest Rate Paths: Guidance?, with Gisle James Nativk and Olav Syrstad. SSRN
  • UPDATEDCovered Interest Parity Arbitrage, with Andreas Schrimpf and Olav Syrstad. Norges Bank WP 15/2017 SSRN
  • Exchange Rates, Interest Rates and the Global Carry Trade, with Martin D.D. Evans. Norges Bank WP 14/2017 LINK
  • Herding the Scapegoats: Foreign Exchange Order Flow and the Time-Varying Effect of Fundamentals, with Anna Lindahl, Michael Moore, and Ali Shehadeh. SSRN
  • Sources of Information Advantage in the Foreign Exchange Market, with Geir Bjønnes and Carol Osler. PDF

Recent publications *

  • Microstructure of Foreign Exchange Markets, with Martin D.D. Evans. Forthcoming in Oxford Research Encyclopedia of Economics and Finance. Oxford University Press   SSRN
  • Order Flow Information and Spot Rate Dynamics, with Martin D.D. Evans. Journal of International Money and Finance, 2016   Requires subscription for PDF   SSRN
  • Carry Trades, Order Flow and the Forward Bias Puzzle, with Francis Breedon and Paolo Vitale. Journal of Money, Credit and Banking 2016. DOI/WileyLink. Require subscription for viewing PDF-file   PDF
Dagfinn Rime

Selected papers *

  • The Scapegoat Theory of Exchange Rates: The First Tests, with Marcel Fratzscher, Lucio Sarno and Gabriele Zinna. Journal of Monetary Economics, 2015  Requires subscription for PDF SSRN
  • Exchange Rate Forecasting, Order Flow and Macroeconomic Information, with Lucio Sarno and Elvira Sojli. Journal of International Economics, 2010  Requires subscription for PDF
  • Arbitrage in the Foreign Exchange Market: Turning on the Microscope, with Farooq Akram and Lucio Sarno, Journal of International Economics, 2008    VOX-entry DOI/Elsevier Science Direct. Require subscription for viewing PDF-file
  • Dealer Behavior and Trading Systems in the Foreign Exchange Market, with Geir H. Bjønnes. Journal of Financial Economics, 2005  DOI/Elsevier Science Direct. Require subscription for viewing PDF-file NB WP 2003/10