Inselhalle

Main Hall

This Session is available via livestream.

Douglas W. Diamond
University of Chicago, United States of America

Philip H. Dybvig
Washington University in St Louis, United States of America

Bengt R. Holmström
Massachussetts Institute of Technology, United States of America

Shohini Kundu
University of California, Los Angeles, United States of America

Moderator: Antoinette Schoar
MIT Sloan School of Management, United States of America

The panel will focus on the path breaking research underlying the 2022 Nobel Memorial Prize in Economics. The work by Bernanke, Diamond, and Dybvig advances our understanding of the importance of banks for economic growth and welfare, but also their inherent role in creating fragility in the financial systemic. Financial crises have played a large role in shaping the economy of the 21st century, and the panel will also discuss the impact of their theoretical insights for financial regulation and central banks dealing with financial crises.