The Difference Between Benanke and Diamond

Diamond and Dibeveg did not work directly with Benanke, but they did make findings that were very complimentary of one another. While Benanke focused on how bank collapses can hurt the function of efficient capital allocation slowing down the economy, Diamond and Dibev theorised new ways that banks could run more efficiently to avoid these situations in the first place. Most laureates, especially in the field of economics, are already quite wealthy and tend to donate their prize money to a cause that they find worthy.