The New Deal and Recovery, Part 21: Postwar Monetary Policy
After an interruption due mostly to my move to Spain, I'm pleased to be back in the saddle again, wrapping up my series on the...
The New Deal and Recovery, Part 22: Postwar Monetary Policy
After an interruption due mostly to my move to Spain, I'm pleased to be back in the saddle again, wrapping up my series on the...
Diamond and Dybvig and the Panic of 1907
My last post argued that, despite what Diamond and Dybvig's famous theory suggests, bank runs have seldom proven fatal to otherwise sound banks. Instead, when...
Diamond, Dybvig, and Government Deposit Insurance
The 2022 Nobel Prize in Economics is to be shared by Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig, “for research on banks...
Bank and Crypto Runs: F(ac)TX vs Fiction
On October 10th, Douglas Diamond and Philip Dybvig won the Sveriges Riksbank Prize in Economic Sciences, sharing it with Ben Bernanke "for research on banks...