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The Nobel Prize in economics is awarded to a trio of economists who worked to cope with financial crises

2022-10-10 12:37:06Kosova&Bota SHKRUAR NGA REDAKSIA VOX
The Nobel Prize in economics is awarded to a trio of economists who worked to
Ben Bernanke

Former Federal Reserve Chairman Ben Bernanke, Douglas Diamond and Philip Dybvig were awarded the Nobel Prize in economics on Monday for their work on banking and financial crises.

The group was recognized by the Royal Swedish Academy of Sciences for their work in the early 1980s, which the institute said provided the basis for our modern understanding of why banks are needed, their key weaknesses and how their collapse might lead. promote financial mergers.

Bernanke, who led the US central bank during the 2008 financial crisis, received the award for his research on the Great Depression.

His work showed that bank runs were a crucial reason the crisis became so severe and entrenched.


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