DIRS.INFO The most relevant business & tech news

London CNN —Claudia Goldin, a professor at Harvard University, was awarded the Nobel Prize in economics Monday for her research into women’s income and employment. Jakob Svensson, chair of the committee for the prize in economic sciences, added: “Understanding women’s role in the labor market is important for society. Thanks to Claudia Goldin’s groundbreaking research we now know much more about the underlying factors and which barriers may need to be addressed in the future.”Claudia Goldin Harvard UniversityGoldin was born in 1946 in New York. She is the author of several books and is best-known for her work on the history of women in the US economy. The economics prize is officially known as the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.

Persons: London CNN — Claudia Goldin, Goldin, ”, Jakob Svensson, Claudia Goldin’s, ” Claudia Goldin Harvard, ” Claudia Goldin Harvard University Goldin, Henry Lee, Alfred Nobel, Ben Bernanke, Douglas Diamond, Philip Dybvig Organizations: London CNN, Harvard University, Royal Swedish Academy of Sciences, ” Claudia Goldin Harvard University, National Bureau of Economic Research, Sveriges, Economic Sciences, Federal Locations: New York, United States, Swedish

☆ Premarket stocks: The forgotten rescue plan that could prevent another SVB-like collapse
▼ + stars: | 2023-03-15 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +9 min

Bank stocks rebounded significantly on Tuesday after logging record plunges Monday and the week prior. Those banks will coordinate to take Fed loans around the same time on the same day alongside smaller banks. ▸ US bank stocks rebounded on Tuesday, recovering some of their losses after the collapse of three banks tested markets on Monday. Regional bank stocks rallied: First Republic (FRC) Bank ended the day up 27% after a record drop on Monday. The question is whether bank stocks can hold on to their gains or if Tuesday was just a sector-wide dead cat bounce.

☆ Nobel laureate economist faces sex harassment investigation
▼ + stars: | 2022-12-18 | by ( The Associated Press | ) www.nbcnews.com time to read: +3 min

The findings in the early 1980s laid the foundations for regulating financial markets, the Nobel panel said. They’re among a group of seven former students Bloomberg reported it had spoken with who allege Dybvig sexually harassed them. The Nobel Peace Prize and Foundation didn’t immediately respond to email messages from the AP. University spokesperson Julie Flory told Bloomberg that the school doesn’t comment on specific cases but takes sexual misconduct seriously and will investigate any allegations. Miltenberg said it is his understanding that the investigation is in the preliminary stages and that the Title IX office wants to speak with Dybvig again.

☆ Nobel awards to take place in Stockholm with full glitz and glamour
▼ + stars: | 2022-12-10 | by ( ) www.reuters.com time to read: +3 min

NTB/Haakon Mosvold Larsen via REUTERSSTOCKHOLM, Dec 10 (Reuters) - Nobel laureates congregated in the Swedish capital Stockholm on Saturday for the first fully in-person award ceremonies complete with a formal banquet since the COVID-19 pandemic that curtailed events in the past two years. Five of the six Nobel prizes are awarded in Stockholm every year after a nomination process that is kept secret for the next 50 years. The Nobel Peace Prize is awarded in Oslo where separate festivities are held. The Nobel Foundation has also snubbed the ambassadors of Russia and Belarus, following Russia's invasion of Ukraine. Jailed Belarusian activist Ales Byalyatski, Russian rights group Memorial and Ukraine's Center for Civil Liberties won the 2022 Nobel Peace Prize.

☆ The newest Nobel-winning economist lays out 2 reasons the US is 'really exposed' to a financial crisis
▼ + stars: | 2022-10-16 | by ( Ben Winck | ) www.businessinsider.com time to read: +7 min

Two trends risk slamming the US financial system, Douglas Diamond, one of the latest Nobel-winning economists, told Insider. Years of near-zero interest rates leave firms "really exposed" to surging borrowing costs, he added. Yet the coronavirus crisis and the following inflation spell have thrown the financial system into a sea of uncertainty. "With that circumstance, when you actually raise interest rates in a hurry, you're going to be really exposed. Interest rate increases also make companies' debt much pricier to service, which in turn raises the risk of bankruptcy.

☆ Most Nobel Laureates Develop Theories; Ben Bernanke Put His Into Practice
▼ + stars: | 2022-10-11 | by ( Greg Ip | ) www.wsj.com time to read: 1 min

Critics sometimes ask what practical good economic theory has done. The Nobel Prize in Economic Sciences awarded to Ben Bernanke on Monday along with Douglas Diamond of the University of Chicago and Philip Dybvig of Washington University in St. Louis provides a rejoinder. The laureates independently developed the theoretical foundations for why banks exist and why bank panics hurt. Mr. Bernanke put those theories into practice when the stakes could scarcely have been higher: as Federal Reserve chairman during the global financial crisis of 2007-09. All of finance deals with a problem known as “information asymmetry”: Borrowers know more about their creditworthiness than lenders do.

☆ Ben Bernanke Wins a Nobel, in Theory
▼ + stars: | 2022-10-11 | by ( The Editorial Board | ) www.wsj.com time to read: 1 min

An old joke has it that economists like to grouse that something may work in practice but does it work in theory? That comes to mind with the news that former Federal Reserve Chairman Ben Bernanke is sharing this year’s Nobel prize in economics for his research into financial crises. His insights worked in theory but not in practice. Mr. Bernanke, Douglas Diamond and Philip Dybvig are sharing the Nobel for work adding to understanding of the relationship between banking crises and the broader economy. The assumption for much of the 20th century was that banking crises were a result of negative developments on Main Street or the farm.

☆ Markets won’t go back to normal until the Fed stops hiking rates
▼ + stars: | 2022-10-11 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

What’s happening: Markets and the Federal Reserve have conflicting temperaments, said Blinder. Markets are capricious while the Fed remains calm. Markets on average, said Blinder, overreact to inflation-related data by a factor of three to 10 times more than they should. The central bank announced Monday that it would provide extra support to UK markets, beefing up its efforts to ensure financial stability, reports my colleague Julia Horowitz. The research is especially relevant today as rapid interest rate hikes to combat inflation have sent markets into turmoil, drawing comparisons to 2008.

☆ Factbox: Winners of 2022 Nobel prizes
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +2 min

Nobel Prize for Peace - Jailed Belarusian activist Ales Byalyatski, Russian rights group Memorial and Ukraine's Center for Civil Liberties won the 2022 Nobel Peace Prize amid a war in their region that is the worst conflict in Europe since World War Two. Register now for FREE unlimited access to Reuters.com RegisterNobel Prize for Literature– French author Annie Ernaux won the 2022 Nobel Prize in Literature for "the courage and clinical acuity" in her largely autobiographical books examining personal memory and social inequality. Nobel Prize in Chemistry - Scientists Carolyn Bertozzi, Morten Meldal and Barry Sharpless won the 2022 Nobel Prize in Chemistry for discovering reactions that let molecules snap together to create new compounds and that offer insight into cell biology. Nobel Prize in Physics - Scientists Alain Aspect, John Clauser and Anton Zeilinger won the 2022 Nobel Prize in Physics for experiments in quantum mechanics that laid the groundwork for rapidly-developing new applications in computing and cryptography. Nobel Prize in Physiology or Medicine - Swedish geneticist Svante Paabo won the 2022 Nobel Prize in Physiology or Medicine for discoveries that underpin our understanding of how modern day people evolved from extinct ancestors at the dawn of human history.

☆ Bernanke, Diamond, Dybvig share Nobel prize in economics
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: 1 min

STOCKHOLM, Oct 10 (Reuters) - Ben Bernanke, Douglas Diamond and Philip Dybvig won the 2022 Nobel Economics Prize "for research on banks and financial crises", the Royal Swedish Academy of Sciences said on Monday. The prize, formally known as the Sveriges Riksbank Prize in Economic Sciences in memory of Alfred Nobel, is the last of this year's crop of Nobel awards and sees the winners share a sum of 10 million Swedish crowns ($883,954). ($1 = 11.3128 Swedish crowns)Register now for FREE unlimited access to Reuters.com RegisterReporting by Simon Johnson and Johan Ahlander, editing by Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

☆ Nobel Prize in economics awarded to Ben Bernanke, Douglas Diamond and Philip Dybvig for work on financial crises
▼ + stars: | 2022-10-10 | by ( Julia Horowitz | ) edition.cnn.com time to read: +4 min

London CNN Business —Former Federal Reserve Chair Ben Bernanke, Douglas Diamond and Philip Dybvig were awarded the Nobel Prize in economics on Monday for their work on banks and financial crises. Bernanke, who led the US central bank during the 2008 global financial crisis, received the award for his research on the Great Depression. While Bernanke served as chair, the central bank pioneered a program of quantitative easing, buying up assets to help stimulate economic growth. The Nobel prize, officially known as the Sveriges Riksbank Prize in Economic Sciences, comes with an award of 10 million Swedish kronor ($885,370) to be split equally among the laureates. It was not instituted by Alfred Nobel, but established by Sweden’s central bank and awarded in memory of Nobel.

Members of the Royal Swedish Academy of Sciences Tore Ellingsen, Hans Ellegren and John Hassler announce the 2022 Nobel Prize for Economic Sciences, during a news conference at the Royal Swedish Academy of Sciences in Stockholm, Sweden October 10, 2022. The winners are Ben S. Bernanke (USA), Douglas W. Diamond (USA) and Philip H. Dybvig (USA). "Some households and some firms are already weakened," Gernot Doppelhofer, professor at the economics department of the Norwegian School of Economics (NHH) said. The economics prize is not one of the original five awards created in the 1895 will of industrialist and dynamite inventor Alfred Nobel. It was established by Sweden's central bank and first awarded in 1969, its full and formal name being the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.

☆ Nobel economics prize awarded to U.S.-based economists including Bernanke for work on financial crises
▼ + stars: | 2022-10-10 | by ( Jenni Reid | ) www.cnbc.com time to read: +4 min

U.S.-based economists Ben Bernanke, Douglas Diamond and Philip Dybvig were awarded the Nobel prize in economic sciences for 2022 for their research on banks and financial crises. They added this was "invaluable" during the 2008-09 financial crisis and the coronavirus pandemic. The winners of the prize — officially called the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel — receive 10 million Swedish krona ($883,000) to be split between them. The Royal Swedish Academy of Sciences select the winners from a list of candidates recommended by the Economic Sciences Prize Committee. He again cited the insurance sector in the U.K., when he said the "mismatch" came when there were calls for more collateral from insurance companies.

☆ Bernanke bank-crisis Nobel requires markets sequel
▼ + stars: | 2022-10-10 | by ( Liam Proud | ) www.reuters.com time to read: +4 min

LONDON, Oct 10 (Reuters Breakingviews) - Rarely has an academic put theory into practice like Ben Bernanke. Yet the resulting era of tight bank regulation and ultra-low interest rates helped build up risks in financial markets which are only slowly becoming apparent. Bernanke’s research, and that of fellow laureates Douglas Diamond and Philip Dybvig, put lenders at the heart of the economy. In 2021, they accounted for about half of total global financial assets, compared with two-fifths for banks. Years of loose monetary policy, under Bernanke and his successors, have pushed many of these market players to take on more risk.

☆ The econ Nobel offers a timely warning about central banks’ power
▼ + stars: | 2022-10-10 | by ( Allison Morrow | ) edition.cnn.com time to read: +7 min

New York CNN Business —The Nobel in economics is sort of the step-cousin of the Nobel family. Some scholars really dislike the economics prize, including one of Nobel’s own descendants, who dismissed it as a “PR coup by economists.”But hey, it still comes with a cash prize. In short, his work demonstrates that banks’ failures are often a cause, not merely a consequence, of financial crises. The Nobel committee has been known to play politics (see: that time Barack Obama was awarded the Nobel Peace Prize after being in office for just eight months). And right now, it is using its spotlight to call attention to the high-stakes gamble playing out at central banks around the world, most notably the Fed.

Search resuls for: "Philip Dybvig"

15 mentions found