Afternoon Briefing: University of Chicago professor wins Nobel Prize
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Good afternoon, Chicago.
Douglas W. Diamond awoke to a surprising phone call: He was awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022.
“I was sleeping very soundly and then all of a sudden, off went my cellphone,” the professor of finance at the University of Chicago Booth School of Business said during a Nobel news conference Monday.
He was recognized along with former U.S. Federal Reserve Chair Ben Bernanke and Philip H. Dybvig, of Washington University in St. Louis, by the Royal Swedish Academy of Sciences for their research on banks.
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