Philip Dybvig

Three drawings showing the faces of Ben Bernanke, Douglas Diamond and Philip Dybvig

What Can This Year’s Nobel Prize Winners in Economics Teach Us About Crises?

This year’s Nobel prize in economics has gone to Douglas Diamond, Philip Dybvig and former Federal Reserve Chair Ben Bernanke for their work on banks and how they relate to financial crises. “The laureates’ insights,” said Tore Ellingsen, chair of the Committee for the Prize in Economic Sciences, “have improved our ability to avoid both serious crises and expensive bailouts.”

2 months ago
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