The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022 was awarded to Ben S. Bernanke, Douglas W. Diamond, Philip H. Dybvig “for research on banks and financial crises”.
The Great Depression of the 1930s paralysed the world’s economies for many years and had vast societal consequences. However, we have managed subsequent financial crises better thanks to research insights from this year’s laureates. They have demonstrated the importance of preventing widespread bank collapses.
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”
Douglas W. Diamond
- The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022
- Born: 1953
- Affiliation at the time of the award: University of Chicago, Chicago, IL, USA
- Prize motivation: “for research on banks and financial crises”
Philip H. Dybvig
- The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022
- Born: 22 May 1955
- Affiliation at the time of the award: Washington University, St. Louis, MO, USA
- Prize motivation: “for research on banks and financial crises”
About the prize
In 1968, Sveriges Riksbank (Sweden’s central bank) established the Prize in Economic Sciences in Memory of Alfred Nobel, founder of the Nobel Prize. The prize is based on a donation received by the Nobel Foundation in 1968 from Sveriges Riksbank on the occasion of the bank’s 300th anniversary. The first prize in economic sciences was awarded to Ragnar Frisch and Jan Tinbergen in 1969.
The prize in economic sciences is awarded by the Royal Swedish Academy of Sciences, Stockholm, Sweden, according to the same principles as for the Nobel Prizes that have been awarded since 1901.
Source: www.nobelprize.org
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