Douglas W. Diamond

Douglas W. Diamond is the Merton H. Miller Distinguished Service Professor of Finance at the University of Chicago’s Booth School of Business.

He specializes in the study of financial intermediaries, financial crises, and liquidity. He is a research associate of the National Bureau of Economic Research and a visiting scholar at the Federal Reserve Bank of Richmond.

He is a member of the National Academy of Sciences and a fellow of the Econometric Society, the American Academy of Arts and Sciences, and the American Finance Association. He was also president of the American Finance Association and the Western Finance Association. He 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.

Diamond Stories

Prof. Douglas Diamond’s journey to the Nobel Prize

Renowned economist reflects on 40-plus-year career at UChicago, looks ahead to Nobel week in Stockholm

Douglas Diamond wins Nobel Prize for research on banks and financial crises

The Royal Swedish Academy of Sciences honored Diamond, the Merton H. Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business, and two other economists for improving “our understanding of the role of banks in the economy, particularly during financial crises.” His pioneering research has changed the way people view banks and laid the groundwork for how central bankers, regulators, policymakers and academics approach modern finance.