The Nobel-ity of Banks and Financial Sector Crises
I suppose this now a tradition of mine as an Econ blogger is to comment on the winners of the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022, Nobel Prize in Economics for short. The winners are Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig, "for research on banks and financial crises." At least one of those names is notifiable, Ben Bernanke, the former chairman of the US Federal Reserve (2006-2014). Bernanke was in charge of the fed during the Great Recession 2007-2009 and oversaw the beginning of the economic recovery. Much of Bernanke's work was on the Great Depression. as a prime figure in our post-millennium economic world, he stands as one of the world's most influential economists today. Diamond is the Merton H. Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business. Diamond is considered a founder of modern banking theory. He is known for his research into financial in
