The 2022 award goes to a trio of US-based economists including former Fed chair Ben Bernanke for research on bank runs and financial crises
The group was recognized by the Royal Swedish Academy of Sciences for their work in the early 1980s, which the institute said provided the foundation for our modern understanding of why banks are needed, their chief vulnerabilities and how their collapse can fuel financial
meltdowns. Bernanke, who led the US central bank during the 2008 financial crisis, received the award for his research on the Great Depression. His work showed that bank runs were a decisive reason the crisis became so severe and entrenched. — This is a developing story and will be updated.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump is a 'classified documents terrorist,' should be arrested: KirschnerThe former federal prosecutor urged the Justice Department to 'put an end to our long national nightmare' by arresting and indicting the former president.
Read more »
The 19 former Houston Astros players on playoff teams this postseasonAll but three teams in the postseason have at least one former Astros player on their roster.
Read more »
Report: Falcons Trade Former Pro-Bowl LB to Browns for Draft PicksThe Falcons have traded linebacker Deion Jones to the Browns for “late round draft compensation,” per a report from Ian Rapoport
Read more »
Professor killed by former student, violent Tinder meet-up, deadly Maserati theft: this week's top storiesAt the top of the list is a University of Arizona professor allegedly killed by a former student who was banned from being on campus. Further down the list is a story of a Tinder meet-up gone wrong – and turned violent.
Read more »