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Research • Insight • Growth
Research
Jul 26, 2023

Banks and financial crises: contributions of Ben Bernanke, Douglas Diamond, and Philip Dybvig

Abstract

The 2022 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel was awarded to Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig “for research on banks and financial crises”. This article surveys the contributions of the three laureates and discusses how their insights have changed the way that academics and policymakers understand banks and their roles in financial crises.


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