The 2022 Nobel Prize – why the economy needs banks | with Karolin Kirschenmann

In this episode, Karolin Kirschenmann explains why this year’s Nobel Prize in economics was given to Ben Bernanke, Douglas Diamond and Philip Dybvig. We discuss their research on the role of banks in the economy and the models developed by the researchers. We deep-dive into the modelling of bank-runs and their relationship to Game Theory.     Karolin Kirschenmann is deputy head of ZEW's Research Unit “Pensions and Sustainable Financial Markets”. Her research focuses on the areas of banking and (global) financial intermediation.