Douglas W. Diamond

Douglas Warren Diamond (born October 1953 ) is an American economist . He is the Merton H. Miller Distinguished Service Professor of Finance at the University of Chicago . His explanation of the existence of banks is a standard work in his field.

Life

Diamond studied economics at Brown University (AB 1975) in Providence, Rhode Island and Yale University (MA 1976 and M. Phil. 1977) in New Haven, Connecticut. He then became a lecturer. In 1980 he earned a Ph.D.

Diamond joined the University of Chicago's Booth School of Business as an instructor in 1979 . He became an assistant (1980 to 1983) and associate professor (1983 to 1986). In 1987/88 he was Professor of Finance at the Yale School of Organization and Management . He was then Professor of Finance and from 1993 to 2000 Theodore O. Yntema Professor of Finance in Chicago. In 1997 he was visiting professor of finance at the Hong Kong University of Science and Technology . He was also a visiting lecturer at the University of Bonn (1993) and at the Bank of Japan (1999). He has been the Merton H. Miller Distinguished Service Professor of Finance since 2000 and Co-Director of the Fama-Miller Center for Research in Finance since 2010 . In 1999 he also became a research fellow at the National Bureau of Economic Research . He supervised numerous Ph.D. Students and a. Efraim Benmelech , Catherine M. Schrand and Kevin Francis Rock .

In 2001/02 he was President of the Western Finance Association (in 2006 he was Distinguished Speaker) and in 2003 of the American Finance Association (previously on the Board of Directors). From 1988 to 2001 he was editor of the Journal of Business . From 1988 to 1996 and from 2000 to 2003 he was co-editor of the Journal of Finance and from 1995 to 2001 of the Journal of Banking and Finance . He was also a member of the Editorial Board of the Journal of Financial Intermediation from 1989 to 1993 and was the foreign editor of the Review of Economic Studies from 1993 to 1997 . In 2005 he presented the Princeton Lectures in Finance at the Bendheim Center for Finance . In 1990 and 2008 he was a research advisor to the Federal Reserve Board . He also served on the boards in Richmond, New York and Chicago. He is currently Associate Editor of the Journal of Financial Services Research (since 1993) and a member of the Board of Directors of the Center for Research in Security Prices .

His main areas include a. Financial intermediaries , the financial crisis , liquidity , banking regulation , deposit insurance and financial debt . He was awarded scholarships by u. a. funded by the National Science Foundation and the Garn Institute of Finance .

Diamond is married and has two children.

Awards

• 2011: Thomson Reuters Citation Laureates
• 2012: Morgan Stanley-American Finance Association Award for Excellence in Finance (endowed with $ 200,000)
• 2013: Honorary doctorate from the Faculty of Economics at the University of Zurich

Memberships

• 1975: Member of Brown University's Phi Beta Kappa Academic Honor Society
• 1990: Fellow of the Econometric Society
• 2001: Fellow of the American Academy of Arts and Sciences
• 2004: Fellow of the American Finance Association
• 2010: Fellow of the Financial Management Association
• 2017: Member of the National Academy of Sciences

Publications (selection)

• with Philip H. Dybvig : Bank Runs, Deposit Insurance, and Liquidity , in: Journal of Political Economy , 1983, Vol. 91, No. 3, pp. 401-419.
• Financial Intermediation and Delegated Monitoring , in: Review of Economic Studies , 1984, Vol. 51, No. 3, pp. 393-414.
• Monitoring and Reputation: The Choice Between Bank Loans and Directly Placed Debt , in: Journal of Political Economy , 1991, Vol. 99, No. 4, pp. 689-721.
• with Raghuram Rajan : Liquidity Risk, Liquidity Creation and Financial Fragility: A Theory of Banking , in: Journal of Political Economy , 2001, Vol. 109, No. 2, pp. 287-327.
• with Ranghuram Rajan: Fear of fire sales, illiquidity seeking, and credit freezes , in: Quarterly Journal of Economics , 2011, Vol. 126, No. 2, pp. 557-591.

Web links

• Search for Douglas W. Diamond in the SPK digital portal of the Prussian Cultural Heritage Foundation
• Douglas W. Diamond in the Research Papers in Economics database
• Douglas W. Diamond at the Booth School of Business at the University of Chicago
• Douglas W. Diamond website

Individual evidence

1. ↑ UZH awards honorary doctorates to cultural historian Peter Burke and nine other personalities ( Memento of the original from May 4, 2013 in the Internet Archive ) Info: The archive link has been inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. . University of Zurich, April 27, 2013.  
2. ^ Book of Members. (PDF) Retrieved July 23, 2016 (English).