Douglas W. Diamond, Ben S. Bernanke, and Philip Dybvig Awarded 2022 Nobel Prize for Analysis of Banks and Financial Crises

Research Associate Douglas W. Diamond, former Research Associate Ben S. Bernanke, and Philip Dybvig received the 2022 Nobel Memorial Prize in Economic Sciences for their research on banks and financial crises. In announcing the award, the Royal Swedish Academy of Sciences explained that the laureates’ “analyses have been of great practical importance in regulating financial markets and dealing with financial crises." 

At the time of the award, Diamond was the Merton H. Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business and an affiliate of the NBER Corporate Finance Program. Bernanke, who had been affiliated with the NBER’s Economic Fluctuations and Growth and Monetary Economics programs for more than two decades, was a Distinguished Senior Fellow in the Economic Studies Program of the Brookings Institution. When he was a faculty member at Stanford University and Princeton University, he directed the Monetary Economics Program. Dybvig was the Boatman's Bancshares Professor of Banking and Finance at Washington University in St. Louis. 

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