Head of US central bank from 2006 to 2014 awarded prize alongside economists Douglas Diamond and Philip Dybvig
(The Guardian) The former chair of the US Federal Reserve Ben Bernanke has been awarded this year’s Nobel prize in economics alongside two other leading economists for their work on financial crises.
The former head of the world’s most powerful central bank, who was at the helm during the 2008 financial crisis and helped oversee the global response, shared the prize with the economists Douglas Diamond and Philip Dybvig.
The Nobel foundation said the three had “significantly improved our understanding of the role of banks in the economy, particularly during financial crises”, and that their work had shown why avoiding bank collapses was vital.
h/t PURA SANGRE
Got a news tip or correction? Let us know
If you got something out of this, please chip in to keep this site running, or subscribe to go ad-free.
2 views