Douglas Diamond
Encyclopedia
Douglas W. Diamond is the Merton H. Miller Distinguished Service Professor of Finance at University of Chicago
’s Graduate School of Business. He specializes in the study of financial intermediaries, financial crises, and liquidity. He is a former president of the American Finance Association
and the Western Finance Association, a fellow of the Econometric Society
, the American Academy of Arts and Sciences
, and the American Finance Association
.
He is, among others, known for the Diamond-Dybvig model
of bank runs.
University of Chicago
The University of Chicago is a private research university in Chicago, Illinois, USA. It was founded by the American Baptist Education Society with a donation from oil magnate and philanthropist John D. Rockefeller and incorporated in 1890...
’s Graduate School of Business. He specializes in the study of financial intermediaries, financial crises, and liquidity. He is a former president of the American Finance Association
American Finance Association
The American Finance Association is an academic organization whose focus is the study and promotion of knowledge of financial economics. It was formed in 1939...
and the Western Finance Association, a fellow of the Econometric Society
Econometric Society
The Econometric Society is an international society for the advancement of economic theory in its relation with statistics and mathematics. It was founded on December 29, 1930 at the Stalton Hotel in Cleveland, Ohio....
, the American Academy of Arts and Sciences
American Academy of Arts and Sciences
The American Academy of Arts and Sciences is an independent policy research center that conducts multidisciplinary studies of complex and emerging problems. The Academy’s elected members are leaders in the academic disciplines, the arts, business, and public affairs.James Bowdoin, John Adams, and...
, and the American Finance Association
American Finance Association
The American Finance Association is an academic organization whose focus is the study and promotion of knowledge of financial economics. It was formed in 1939...
.
He is, among others, known for the Diamond-Dybvig model
Diamond-Dybvig model
The Diamond–Dybvig model is an influential model of bank runs and related financial crises. The model shows how banks' mix of illiquid assets and liquid liabilities may give rise to self-fulfilling panics among depositors.-Theory:The model, published in 1983 by Douglas W...
of bank runs.