Douglas W. Diamond woke up to a surprising phone call: he was awarded the 2022 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.
“I was sleeping very soundly and all of a sudden my cell phone went off,” the finance professor at the University of Chicago Booth School of Business said Monday at a Nobel press conference.
He was recognized with former US Federal Reserve Chairman Ben Bernanke and Philip H. Dybvig of Washington University in St. Louis by the Royal Swedish Academy of Sciences for their research on banking.
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