Explained: Economics Nobel winners' work on role of banks during financial crisis3 min read 10 Oct 2022, 06:17 PM IST
The trio's main work focused on understanding the role of banks in the economy, particularly during financial crises and how banking failures can amplify and self-perpetuate a crisis
The Nobel prize for Economics in 2022 was awarded to Ben S Bernanke, Douglas W Diamond and Philip H Dybvig on Monday for research on banks and financial crises. The economics prize is not one of the original five awards created in the 1895 will of industrialist and dynamite inventor Alfred Nobel.
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