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

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  • Zhiguo He
  • Yunzhi Hu

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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  • Zhiguo He & Yunzhi Hu, 2023. "Banks and financial crises: contributions of Ben Bernanke, Douglas Diamond, and Philip Dybvig," Scandinavian Journal of Economics, Wiley Blackwell, vol. 125(3), pages 553-583, July.
    • Handle: RePEc:bla:scandj:v:125:y:2023:i:3:p:553-583
    DOI: 10.1111/sjoe.12535
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