The laureates explained the central role of banks in financial crises

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No 2022-1, Nobel Prize in Economics documents from Nobel Prize Committee

Abstract: 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 in the Economic Sciences, Ben Bernanke, Douglas Diamond and Philip Dybvig. They have demonstrated the importance of preventing widespread bank collapses.

Keywords: Banking; Financial crisis (search for similar items in EconPapers)
JEL-codes: E53 G21 G28 (search for similar items in EconPapers)
Pages: 1 pages
Date: 2022-10-10
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