Professor Kjell G. Nyborg, a native of Norway, currently holds the Chair in Corporate Finance at the Department of Banking and Finance at the University of Zurich. He is also a Senior Chair of the Swiss Finance Institute.
Nyborg has served on the Executive Committee of the European Finance Association (EFA) since January 2013, initially as a Director and, in 2016, as Vice President. He was the President of the EFA in 2017 and served as the Program Chair of the EFA’s 43rd Annual Meeting (Oslo, 2016).
He was educated at the University of Chicago (S.B. Mathematics) and the Graduate School of Business at Stanford University (Ph.D. in Finance). Previous positions include Assistant and Associate Professor of Finance at the London Business School, visiting Associate Professor of Finance at UCLA Anderson School of Management, and visiting economist at the European Central Bank. Prior to coming to the University of Zurich, he held the DnB NOR Chair of Finance at the Norwegian School of Economics (NHH).
Professor Nyborg has published widely in leading journals such as Review of Financial Studies, Journal of Finance, Journal of Financial Economics, and Journal of Political Economy. His work, which spans corporate finance, financial markets, monetary economics, and financial institutions includes papers on convertible bonds, capital structure, bankruptcy, financial auctions, and the effect of taxes on project valuation and the cost of capital. Recently, the main focus of his research has been on issues relating to the market for liquidity, the role of money and liquidity in financial markets, and central bank collateral frameworks. Nyborg has presented his research at numerous conferences, universities, and financial institutions world-wide.
Nyborg’s recent book on Cambridge University Press, Collateral Frameworks: The Open Secret of Central Banks, unpacks the opaque structure at the heart of central banking, the money creation process, and monetary policy — namely central banks’ collateral frameworks. The book covers collateral policy in the euro area in detail and sheds new light on central banking, the architecture and politics of money, and the euro crisis.
Nyborg has consulted for several financial institutions and has also served as a lay judge in the Norwegian courts. He is a research fellow of the Centre for Economic Policy Research, a former member of the nominating committee of the American Finance Association, a repeat member of the program committees of the European Finance Association and the Western Finance Association, and a former titular Professor of the European Institute for Advanced Studies in Management. Professor Nyborg has also served as Academic Director of the Global Finance Academy at University College, Dublin.
