Bernanke, Diamond & Dybvig bag Nobel Economics for research on banking crises

Bernanke, Diamond & Dybvig bag Nobel Economics for research on banking crises

Former Federal Reserve chairman Ben Bernanke speaks after he was named among three U.S. economists awarded the 2022 Nobel Economics Prize, during a news conference at the Brookings Institution in Washington, U.S., October 10, 2022. REUTERS/Ken Cedeno

A trio of U.S. economists, including former Federal Reserve Chair Ben Bernanke, won this year’s Nobel Economics Prize on Monday for laying the foundation of how world powers now tackle global crises like the recent pandemic or the Great Recession of 2008.