  We present a study of the exchange bias in different configurations of V2O3
thin films with ferromagnetic layers. The exchange bias is accompanied by a
large vertical shift in the magnetization. These effects are only observed when
V2O3 is grown on top of Ni80Fe20 permalloy. The magnitude of the vertical shift
is as large as 60% of the total magnetization which has never been reported in
any system. X-Ray diffraction studies show that the growth conditions promote
the formation of a ferrimagnetic Fe3O4 interlayer. The change in the easy
magnetization axis of Fe3O4 across the Verwey transition at 120 K is correlated
with the appearance of exchange bias and vertical shift in magnetization. Both
phenomena disappear above 120 K, indicating for the first time a direct
relationship between the magnetic signature of the Verwey transition and
exchange bias.
