An Econ Nobel for research that saved the world | article by Noah Smith - Upcarta

An Econ Nobel for research that saved the world

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Oct 11, 2022
#Economics #Banking #Research

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Bernanke, Diamond and Dybvig explained why banks collapse -- and take the rest of the economy with them

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Adam Nash @adamnash · Mar 11, 2023

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Believe it or not, the 2022 Nobel Prize in Economics went to research that finally explained why & how bank runs happen. This piece from @noahpinion last year is worth reading this weekend. Learn about the Diamond-Dybvig model.