PersonReviewed 2026-10-23

Douglas Diamond

Douglas Diamond received the 2022 prize in Economic Sciences. This profile brings together the official award record and attributed background on the economist’s work and career.

Sources and references ↗

PROFILE / FACT FILE

Personal and professional profile

Name: Douglas Diamond [1]
Full name: Douglas W. Diamond [2]
Birth date: 1953-10-25 [2]
Birthplace: Chicago, IL, USA [2]
Education: Brown University; Yale University [3]
Fields / occupation: economist; university teacher [3]
Prize: Economic Sciences · 2022 [2]
Research recognized: for research on banks and financial crises [2]
Prize share: 1/3 [2]
Affiliation at the award: University of Chicago [2]
Institutions in career record: University of Chicago (1979–end not recorded) [3]

Research, education and career background

Douglas Warren Diamond (born October 25, 1953) is an American economist. He is the Merton H. Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business, where he has taught since 1979. Diamond specializes in the study of financial intermediaries, financial crises, and liquidity. He is a former president of the American Finance Association (2003) and the Western Finance Association (2001–02). [4]

In October 2022, Diamond was awarded the Nobel Memorial Prize in Economic Sciences jointly with Ben Bernanke and Philip H. Dybvig. The prize was awarded in recognition of the economists' "research on banks and financial crises" [4]

Diamond is best known for his work on financial crises and bank runs, particularly the influential Diamond–Dybvig model published in 1983 and the Diamond model of delegated monitoring published in 1984. In 2016, he was awarded the CME Group-MSRI Prize in Innovative Quantitative Applications. [4]

Selected introductory text by Wikipedia contributors — Douglas Diamond, under CC BY-SA 4.0. Official facts are cited separately.

Award and academic affiliation

The official Nobel record dates the Economic Sciences award to 2022 and lists University of Chicago as the affiliation at the time. [2]

An affiliation attached to an award describes that point in the person’s career; it does not establish a current appointment. [2]

Education and career timeline

1953-10-25
Birth date recorded in the official Nobel biography. [2]
1975
Education period at Brown University ended (background record). [3]
1979
Affiliation at University of Chicago began (background record). [3]
1980
Education period at Yale University ended (background record). [3]
2011-10-10
Economic Sciences award announced. [2]

Source-supported connections

Douglas Diamond → Affiliation at the 2022 award → University of Chicago [2]

Frequently asked questions

When did Douglas Diamond receive the prize in Economic Sciences?

The official award record gives the year as 2022. [2]

Which institution was Douglas Diamond affiliated with at the time of the Economic Sciences award?

University of Chicago. This is the award-time affiliation. [2]

RELATION MAP

Douglas Diamond connection map

Douglas Diamond

Select a node to inspect the relationship and source.

Links retain their source-specific meaning. Award-time affiliations and links to related reading are not claims about current appointments or economic causation.

Sources and review dates

Reviewed 23 October 2026. Historical dates and award-time affiliations retain their original context. A review date is not an event date. Background sources are identified separately from official records.