Bernanke, Diamond, Dybvig Win Nobel Economics Prize for Financial Crises Studies

(L-R) 2022 Nobel Economics Prize laureates Ben Bernanke, Douglas Diamond and Philip Dybvig are seen on a display during a press conference to announce the winners of the 2022 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel at the Royal Swedish Academy of Sciences in Stockholm, on October 10, 2022. (AFP)

A trio of US economists including Former Federal Reserve chief Ben Bernanke won this year's Nobel Economics Prize on Monday for research on how propping up failing banks can stave off an even deeper economic crisis.

Bernanke, along with Douglas Diamond and Philip Dybvig won the 2022 prize for their work starting in the early 1980s that carried practical importance in regulating financial markets and dealing with financial crises.