insights into financial contagion changed how central banks react during a crisis
- Written by Elena Carletti, Professor of Finance, Bocconi University
Left to right: Ben Bernanke, Douglas Diamond and Philip Dybvig. The Nobel FoundationThis year’s Nobel prize in economics, known as the Sveriges Riksbank Prize in Economic Sciences, 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.
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