Prof Nicola Viegi deciphers the Nobel Prize winning research

In this podcast, ERSA’s host sits down with Prof. Nicola Viegi, the SARB  Chair of Monetary Economics from the University of Pretoria, to discuss what this year’s Economics Nobel Prize winners (Ben Bernanke, Douglas Diamond and Philip Dybvig) discovered. As knowledge evolves, this research delves into the role of banks in the economy during a financial crisis, and why it is imperative to prevent a run on the banks. We discuss the two significant contributions made by this research: firstly, codifying the intermediary role of banks and how the value of investments change through time, and secondly showing how this […]