Prof. Philip H. Dybvig is an American economist who was awarded the 2022 Nobel Memorial Prize in Economic Sciences, jointly with Douglas W. Diamond and Ben Shalom Bernanke, “for research on banks and financial crises”. The laureates provided insightful studies in the 1980s of the essential economic functions performed by banks, the vulnerability of banks against runs (namely massive withdrawals of funds by bank depositors) during periods of financial crises, and how governments may improve the stability of banking systems and avert or properly manage financial crises. Through statistical analysis and historical source research, the laureates demonstrated how failing banks played a decisive role in the global depression of the 1930s, showing that bank crises can potentially have catastrophic consequences. These insights illustrate the importance of well-functioning bank regulation and form the foundation of modern bank regulation.
Prof. P. H. Dybvig was born on 22 May 1955, he holds a B.A. degree in mathematics and physics from Indiana University (1976), an M.A. and M.Phil. degree in economics from Yale University (1978), and a Ph.D. in economics from Yale Unive (1979). He was professionally affiliated with Yale University (1979), Princeton University (1980–81), the Southwest University of Finance and Economics in Chengdu, China (2010–21), and Washington University (1988–today). At the time of the award, he was affiliated with Washington University, St. Louis, MO, USA. At this University he was also nominated as Boatmen’s Bancshares Professor of Banking and Finance (1990). According to the Scopus database, he has published 38 documents enjoying so far more than 4,700 citations and an h-index of 20. According to the same database, the most contributed topics in the last five years are (but not exhausted too) asset pricing models; value premium; factor; background risk; high order; prudence; motion pictures; filmmaking; documentary filmmaking.
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Dimitriost TSIOTAS, Assistant Professor, RSI J
Philip Dybvig – Facts – 2022. NobelPrize.org. Nobel Prize Outreach AB 2022. Sat. 29 Oct 2022. https://www.nobelprize.org/prizes /economic-sciences/2022/dybvig/facts/ [accessed: 29/10/2022]
Scopus, (2022) “Author profile: Dybvig, Philip H”, available at the URL: https://www.scopus.com/authid/detail.uri?authorId=6602981134 [accessed: 29/10/2022]
Duignan, Brian. “Philip Dybvig”. Encyclopedia Britannica, Oct 11, 2022, https://www.britannica.com/biography/Philip-Dybvig [accessed 29 October 2022].