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Axios
Axios
Business

Ben Bernanke, with two others, wins the economics Nobel

Ben Bernanke Economics US Federal Reserve

When an economy collapses, that country's banks tend to fail. But the opposite is also true: Bank failures can cause economic collapse.

Driving the news: That central insight was awarded this year's economics Nobel prize. The winners are Ben Bernanke, Douglas Diamond, and Philip Dybvig.

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