The 2022 Nobel Prize for Economics has been announced to be awarded to 3 American experts.
According to the Royal Swedish Academy of Sciences, Ben S. Bernanke, Douglas W. Diamond and Philip H. Debog will be awarded the Nobel Prize in Economics.
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This is the 54th Nobel Prize in Economics and the prize money of one crore Swedish kronor will be divided between the three experts.
The decision to award the Nobel Prize to these three experts came after recent warnings of an increased risk of a global recession.
The trio began researching banks and financial crises in the 1980s and developed models that explain why banks are formed, their role in society, and how to protect them from crises. What steps can be taken to
