This year’s Nobel prize in economics was awarded to Ben Bernanke, Philip Dybvig, and Douglas Diamond for their pioneering research into the role that banks play in financial crises. On this week’s episode, hosts Soumaya Keynes, Mike Bird and Alice Fulwood speak with Professors Dybvig and Diamond about their eponymous model of financial panics - one economics’ most cited papers - and ask whether policymakers have truly absorbed their insights.

Sign up for our new weekly newsletter dissecting the big themes in markets, business and the economy at www.economist.com/moneytalks 

For full access to print, digital and audio editions, subscribe to The Economist at www.economist.com/podcastoffer

Hosted on Acast. See acast.com/privacy for more information.