Ben S. Bernanke, Douglas W Diamond & Philip H Dybvig receives Nobel Prize in Economic Sciences for research on banks & financial crises

Ben S. Bernanke, Douglas W Diamond & Philip H Dybvig receives Nobel Prize in Economic Sciences for research on banks & financial crises

• This year’s Nobel Prize in Economic Sciences has been awarded to the former chair of the U.S. Federal Reserve, Ben S. Bernanke and two US-based economists, Douglas W Diamond and Philip H Dybvig, for research on banks and financial crises. The prize was announced today by the Nobel panel at the Royal Swedish Academy of Sciences in Stockholm.

• The Committee said their work had shown in their research “why avoiding bank collapses is vital.” Nobel prizes carry a cash award of 10 million Swedish kronor.

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Published date : 11 Oct 2022 04:51PM