In 2011–2012, Nordvig published a series of papers on quantifying the cost of Euro break-up in his role at Nomura Securities, and as submission to the Wolfson Economics Prize.
[1] The specific contribution of Nordvig's work was to decompose the international investment of Eurozone member countries based on the jurisdiction of the underlying assets and liabilities.
This previously underestimated parameter turned out to be crucial in estimating balance sheet effected associated with departure from the Euro (and subsequent devaluation), and hence the overall cost of exit from the common currency.
Nordvig's work on the Euro-crisis was published by McGraw-Hill in book form in 2013: The Fall of the Euro: Reinventing the Eurozone and the Future of Global Investing.
[25] Nordvig received his bachelor's and master's degrees in Economics from the University of Aarhus in Denmark, where he also did post-graduate research on new financial crises models.
In 2021, Nordvig co-founded MarketReader,[28] a market intelligence company that leverages AI technology to provide explanatory analytics of asset price movement in real time.
Nordvig was interviewed by Bloomberg on the topic of "How AI Is Being Used to Help Explain Stock Moves,[29]" citing MarketReader technology as a major step forward.