Dagfinn Rime

Professor Dagfinn Rime is a distinguished scholar in international finance at BI Norwegian Business School, where he serves as Professor in the Department of Finance. With a PhD from BI Norwegian Business School (2001), his career spans significant roles at Norges Bank (Central Bank of Norway) and academic appointments at Norwegian University of Science and Technology (NTNU) and Stockholm Institute for Financial Research.

His academic journey includes:

• 2014-Present: Professor, Department of Finance, BI Norwegian Business School
• 2001-2014: Researcher and Manager, Norges Bank (Central Bank of Norway)
• 2006-2012: Adjunct Professor, Norwegian University of Science and Technology
• 2001-2006: Visiting Research Fellow, Stockholm Institute for Financial Research

Professor Rime's research primarily focuses on the microstructure of foreign exchange markets, examining how market participants interact, how prices are formed, and how information flows through currency markets. His work bridges theoretical finance with practical market observations, often utilizing high-frequency transaction data to uncover patterns that traditional macroeconomic approaches might miss. He has made significant contributions to understanding the relationship between order flow and exchange rate movements, the volume-volatility relation in FX markets, and the mechanics of covered interest parity deviations.

His research has evolved from examining basic dealer behavior in the early 2000s to more complex analyses of market fragmentation, high-frequency trading effects, and the role of different market participants in price discovery. Recent work has addressed contemporary issues such as the offshore renminbi market and the effectiveness of central bank communication policies.

Professor Rime's scientific contributions have been recognized through publications in top-tier finance journals:

• Journal of Financial Economics
• Review of Financial Studies
• Journal of Monetary Economics
• Journal of International Economics
• International Journal of Finance and Economics

His research methodology typically involves detailed empirical analysis of transaction-level data, allowing him to observe market dynamics at a granular level. This microstructure approach has provided valuable insights into how foreign exchange markets actually function, as opposed to how they are often modeled in traditional macroeconomic frameworks.

Professor Rime is also engaged in public discourse, having contributed opinion pieces on topics such as cryptocurrency markets and the value of international researchers in Norwegian academia. His commentary on Bitcoin as a financial bubble demonstrated his ability to translate complex financial concepts for broader audiences.