Law & Economics
Portrait of Philip H. Dybvig
Scholar portraitSource: Nobel Prize

Dybvig

Philip H. Dybvig

Financial economist of bank runs, liquidity insurance, and asset pricing

bankingbank runsliquidity insurance

Official Source Note

Nobel Prize materials identify Dybvig as a 2022 economics laureate for research on banks and financial crises and explain how the Diamond-Dybvig model connects banks' liquidity-provision role to vulnerability to runs.

Dybvig is included because the model provides a foundational economic account of deposit insurance, run prevention, maturity transformation, and banking regulation.

Source: Nobel Prize

Relevance to the Archive

Dybvig is central to the economic logic of deposit insurance, lender-of-last-resort arrangements, run prevention, and the design tradeoffs created by liquidity transformation.

Representative Contributions

  • Bank Runs, Deposit Insurance, and Liquidity (with Douglas Diamond, 1983)
  • Portfolio Efficiency with Different Information (1985)
  • Banking Theory, Deposit Insurance, and Bank Regulation (with Douglas Diamond, 1986)

Works Included Here