Press Releases Douglas W. Diamond wins Nobel Prize in Economic Sciences
Professor Diamond has won the 2022 Sveriges Riksbank Prize in Economic Sciences. He is celebrated for his groundbreaking research on banks and financial crises.
- October 10, 2022
Professor Douglas W. Diamond of the University of Chicago Booth School of Business has been awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022.
Diamond is one of the world’s leading authorities on bank runs and liquidity crises. His pioneering research changed the way people view banks and laid the groundwork for how central bankers, regulators, policymakers, and academics approach modern finance.
Diamond is known for his research into financial intermediaries, financial crises, and liquidity. His research agenda for the past 40 years has been to explain what banks do, why they do it, and the consequences of these arrangements.