Nobel Economics prize to Ben Bernanke, Douglas Diamond and Philip Dybvig. (Representational)
Stockholm:
The Nobel Economics Prize was on Monday awarded to a US trio for their contributions on explaining the role of banks in the economy.
Ben Bernanke, Douglas Diamond and Philip Dybvig were given the nod for having "significantly improved our understanding of the role of banks in the economy, particularly during financial crises, as well as how to regulate financial markets", the jury said.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
Track Latest News Live on NDTV.com and get news updates from India and around the world
