Last, but not least
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The Nobel Prize in Economics was awarded late Monday morning to Ben Bernanke, former chairman of the FED, the US central bank, and his compatriots Douglas Diamond and Philip Dybvig, for their work on financial crises and the banks.
BREAKING NEWS:
The Royal Swedish Academy of Sciences has decided to award the 2022 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Ben S. Bernanke, Douglas W. Diamond and Philip H. Dybvig “for research on banks and financial crises. ”#NobelPrize pic.twitter.com/cW0sLFh2sj
— The Nobel Prize (@NobelPrize) October 10, 2022
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The trio "significantly improved our understanding of the role of banks in our economy, particularly during financial crises, as well as how to regulate financial markets", announced the jury of the Swedish institution.
Benjamin of the Nobels, the economics prize closes the season of famous awards.
The only one not to have been provided for in Alfred Nobel's will, this prize, created by the Swedish Central Bank "the memory" of the inventor, was added in 1969 to the five traditional awards (medicine, physics, chemistry, literature and peace), earning him the nickname of "false Nobel" among his detractors.
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