SU Senate discussed and voted for a resolution calling for Professor Phillip Dybvig to be investigated, placed on immediate leave, and fired if allegations of misconduct against him are true, in addition to providing further resources for non-native English speakers in the Title IX process, Feb 6.
The Nobel Prize in Economics wasn’t included in the original will of Alfred Nobel in 1895, and was only added in 1968, for the Swedish National Bank’s 300th anniversary.
Modeling the Legend, or, the Trouble with Diamond and Dybvig: Part I SHARE
Has any theoretical work on banking been more influential than Douglas Diamond and Phillip Dybvig s 1983 JPE article, Bank Runs, Deposit Insurance, and Liquidity ? If so, I can t think of it. With well over 12,000 Google citations and counting, it s certainly among the most cited academic papers in economics, let alone in the sub-discipline of monetary economics.
Nor has that paper s influence been merely academic. Far from it: it is routinely cited by policymakers as supplying a rationale for government intervention in banking, and for explicit national deposit insurance schemes in particular. That the number of countries that adopted such schemes more than quadrupled during the two decades immediately following the article s appearance from just 20 to 87 almost certainly owes something to Diamond and Dybvig s influential publication, which is bound to have informed the thinking of experts at the IM