The foundations of modern banking research were laid by Ben Bernanke, Douglas Diamond and Philip Dybvig in the early 1980s. Through statistical analysis and historical source research, Bernanke demonstrated how failing banks played a decisive role in the global depression of the 1930s. Bernanke’s research shows that bank crises can potentially have catastrophic consequences. This insight illustrates the importance of well-functioning bank regulation.
Ben Bernanke
Ill. Niklas Elmehed © Nobel Prize Outreach
Ben S. Bernanke
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022
Born: 13 December 1953, Augusta, GA, USA
Affiliation at the time of the award: The Brookings Institution, Washington, D.C., USA
Prize motivation: “for research on banks and financial crises”
Prize share: 1/3
Douglas Diamond
Ill. Niklas Elmehed © Nobel Prize Outreach
Douglas W. Diamond
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022
Born: 25 October 1953, Chicago, IL, USA
Affiliation at the time of the award: University of Chicago, Chicago, IL, USA
Prize motivation: “for research on banks and financial crises”
Prize share: 1/3
Philip Dybvig
Ill. Niklas Elmehed © Nobel Prize Outreach
Philip H. Dybvig
The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022
Born: 22 May 1955, Gainesville, FL, USA
Affiliation at the time of the award: Washington University, St. Louis, MO, USA
Prize motivation: “for research on banks and financial crises”
Prize share: 1/3
