Former Fed Chair Bernanke shares Nobel for research on banks

Former U.S. Federal Reserve Chair Ben Bernanke

who, after the 2007–2008 financial crisis, used his scholarly knowledge of the Great Depression to help revive the American economy

Along with Philip H. Dybvig and Douglas W. Diamond, Bernanke received recognition on Monday.

The panel claimed that the laureates established the framework for regulating financial markets with their discoveries in the early 1980s.

These things might occur once more. And we need to comprehend the mechanism underlying those so that we can take action.

Bernanke, 68, is currently employed with the Brookings Institution in Washington after serving as the Fed's chairman from early 2006 until early 2014.

Regarding the COVID-19 pandemic's impact on the world economy and Russia's conflict in Ukraine,