Nobel Prize For Economics 2022: Its Relevance With Respect To India
The American economists Ben Bernanke, Douglas W. Diamond, and Philip H. Dybvig have each been given the 2022 Nobel Prize in Economics. For their work on banking and financial crises, they received the Nobel Prize. The majority of the banking research that has been done has its roots in their works. They continue to utilize their study to highlight the value of banks in maintaining a healthy economy, the contribution of bank failures to the escalation of financial crises, and the necessity of fortifying institutions in the face of such crises. Their work has significantly influenced how financial crises are handled or can be avoided, as well as how the financial markets are governed. Bank solvency problems are less common than investor fear as the cause of bank runs. Depositors may rus...
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