Douglas Diamond — SPARQNOW

At-a-Glance

Awarded the 2022 Nobel Memorial Prize in Economic Sciences
Merton H. Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business
Known for the influential Diamond–Dybvig model (1983) and the Diamond model of delegated monitoring (1984)
Former president of the American Finance Association (2003) and the Western Finance Association (2001–02)
Earned a PhD in economics from Yale University in 1980

Biography

Douglas Warren Diamond is an American economist and the Merton H. Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business, where he has taught since 1979. In October 2022, he was awarded the Nobel Memorial Prize in Economic Sciences jointly with Ben Bernanke and Philip H.

Dybvig, in recognition of their research on banks and financial crises. Diamond specializes in the study of financial intermediaries, financial crises, and liquidity.