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Nobel Prize Economy
October 14 , 2022
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- Ben S. Bernanke, Douglas W. Diamond and Philip H. Dybvig won the 2022 Nobel Prize in Economics for research on banks and financial crises.
- Modern banking research clarifies why we have banks, how to make them less vulnerable in crises and how bank collapses exacerbate financial crises.
- The foundations of this research were laid by Ben Bernanke, Douglas Diamond, and Philip Dybvig in the early 1980s.
- Their analyses have been of great practical importance in regulating financial markets and dealing with financial crises.
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