Diamond

Douglas W. Diamond

Financial economist of banks, liquidity creation, and delegated monitoring

bankingliquidityfinancial intermediation

Official Source Note

Nobel Prize materials identify Diamond as a 2022 economics laureate for research on banks and financial crises. His work explains delegated monitoring, liquidity creation, and the institutional vulnerability created by bank funding structures.

Diamond is included because modern banking law relies on the mechanisms his research clarifies: monitoring borrowers, transforming maturities, producing liquidity, and managing the fragility that follows.

Source: Nobel Prize

Relevance to the Archive

Diamond gives financial-law readers a unified account of monitoring, maturity transformation, deposit insurance, liquidity creation, and the regulatory significance of bank fragility.

Representative Contributions

Bank Runs, Deposit Insurance, and Liquidity (with Philip Dybvig, 1983)
Financial Intermediation and Delegated Monitoring (1984)
Liquidity Risk, Liquidity Creation, and Financial Fragility (with Raghuram Rajan, 2001)