Douglas W. Diamond

Douglas W. Diamond, 2022 Nobel laureate in Economic Sciences, specializes in the study of financial intermediaries, financial crises, and liquidity. He is the Merton H. Miller Distinguished Service Professor of Finance at the University of Chicago’s Booth School of Business. He has been on the faculty since 1979. Diamond is considered a founder of modern banking theory, and his work has helped shape how government officials and others approach finance, especially at times of market stress. Diamond is a research associate of the National Bureau of Economic Research and a visiting scholar at the Federal Reserve Bank of Richmond. He was president of the American Finance Association and the Western Finance Association and is a fellow of the National Academy of Sciences, the Econometric Society, the American Academy of Arts and Sciences, and the American Finance Association. Diamond received the Onassis Prize in Finance in 2018, the CME Group-Mathematical Sciences Research Institute Prize in Innovative Quantitative Applications in 2016, and the Morgan Stanley-American Finance Association Award for Excellence in Finance in 2012.

He has taught at Yale and was a visiting professor at the MIT Sloan School of Management, the Hong Kong University of Science and Technology, and the University of Bonn. Diamond earned a bachelor’s degree in economics from Brown University in 1975. He earned master’s degrees in 1976 and 1977 and a PhD in 1980 in economics from Yale University. He joined the boards of Dimensional’s US funds in 2017 and currently serves as the lead Independent Director.