October 10th, 2022 → 7:01 am @ Lea // No Comments

“He that made us with such large discourse,
Looking before and after, gave us not
That capability and godlike reason
To fust in us unused.” — Hamlet

The Nobel Prize in Economics was announced this morning, and it went to three men – Ben Bernanke, Douglas Diamond, and Philip Dybvig – who all wrote important works on banking and financial crises. These have been, and are, important to our understanding of how, and when, to regulate the banking sector. I always like it (as was also done last year) when the Nobel is awarded to research that has real practical and policy implications. Kudos to this year’s winners!