Age, Biography and Wiki
Douglas Diamond (Douglas Warren Diamond) was born on 25 October, 1953, is an American economist. Discover Douglas Diamond's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 70 years old?
| Popular As |
Douglas Warren Diamond |
| Occupation |
N/A |
| Age |
70 years old |
| Zodiac Sign |
Scorpio |
| Born |
25 October, 1953 |
| Birthday |
25 October |
| Birthplace |
N/A |
| Nationality |
|
We recommend you to check the complete list of Famous People born on 25 October.
He is a member of famous economist with the age 70 years old group.
Douglas Diamond Height, Weight & Measurements
At 70 years old, Douglas Diamond height not available right now. We will update Douglas Diamond's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
| Physical Status |
| Height |
Not Available |
| Weight |
Not Available |
| Body Measurements |
Not Available |
| Eye Color |
Not Available |
| Hair Color |
Not Available |
Dating & Relationship status
He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.
| Family |
| Parents |
Not Available |
| Wife |
Not Available |
| Sibling |
Not Available |
| Children |
Rebecca Diamond |
Douglas Diamond Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Douglas Diamond worth at the age of 70 years old? Douglas Diamond’s income source is mostly from being a successful economist. He is from . We have estimated Douglas Diamond's net worth, money, salary, income, and assets.
| Net Worth in 2024 |
$1 Million - $5 Million |
| Salary in 2024 |
Under Review |
| Net Worth in 2023 |
Pending |
| Salary in 2023 |
Under Review |
| House |
Not Available |
| Cars |
Not Available |
| Source of Income |
economist |
Douglas Diamond Social Network
Timeline
Douglas Warren Diamond (born October 25, 1953) is an American economist.
He was raised in the Hyde Park neighborhood of Chicago by a single mother.
As an adolescent, Diamond originally intended to study molecular biology.
Diamond matriculated at Brown University, where he decided to study economics instead, after taking a course on Milton Friedman and Anna Schwartz's A Monetary History of the United States.
He graduated Phi Beta Kappa from Brown with a Bachelor of Arts degree in economics in 1975.
The following year, and in 1977 Diamond earned Master's degrees, and ultimately a PhD in economics in 1980 from Yale University.
At Yale, both Diamond and future Nobel co-recipient Philip H. Dybvig were advised by Stephen A. Ross.
According to Diamond, the two would regularly converse outside Ross' office while waiting for appointments with him.
He is currently the Merton H. Miller Distinguished Service Professor of Finance at the University of Chicago Booth School of Business, where he has taught since 1979.
Diamond specializes in the study of financial intermediaries, financial crises, and liquidity.
Since 1979, Diamond has taught at the University of Chicago Booth School of Business.
A later version of the third chapter of Diamond's 1980 doctoral dissertation "Essays on Information and Financial Intermediation" was republished in 1984 in The Review of Economic Studies under the title "Financial Intermediation and Delegated Monitoring" This publication coined the term "delegated monitoring" and described Diamond's formal model of delegated monitoring.
According to the Committee for the Nobel Memorial Prize in Economic Sciences, Diamond's model is considered "the first truly micro-founded theory of financial intermediation."
Much of the work for which the prize was awarded stems from work Diamond and Dybvig published in the early and mid-1980s.
Diamond has been married to Elizabeth Cammack Diamond since 1982.
He is the son of Leon Diamond, a psychiatrist, and Margaret Gunkel Seehafer, a social worker and professor.
Diamond is best known for his work on financial crises and bank runs, particularly the influential Diamond–Dybvig model published in 1983 and the Diamond model of delegated monitoring published in 1984.
Diamond has additionally served as a visiting scholar at the University of Bonn (1983) and the Bank of Japan (1999), as visiting professor at the Hong Kong University of Science and Technology and MIT Sloan School of Management, and as a professor and teaching fellow at the Yale School of Management.
Since its publication, Diamond (1984) has become a key publication in scholarship concerning financial intermediation.
He has held the Merton H. Miller Distinguished Service Professorship since July 2000, having previously held the Theodore O. Yntema Professorship.
He is a former president of the American Finance Association (2003) and the Western Finance Association (2001-02).
In October 2022, Diamond was awarded the Nobel Memorial Prize in Economic Sciences jointly with Ben Bernanke and Philip H. Dybvig.
The prize was awarded in recognition of the economists' "research on banks and financial crises"
From 2010 to 2014, Diamond directed the Fama-Miller Center for Research in Finance at the University of Chicago.
In the early 2010s, Diamond was repeatedly floated as a contender for the Nobel Memorial Prize in Economic Sciences.
In 2011, Diamond was listed by Thomson Reuters as one of the "researchers likely to be in contention for Nobel honors based on the citation impact of their published research."
He was again named as a contender for the prize in 2013 by economist Hubert Fromlet, The Wall Street Journal, and Catherine Rampell, writing for The New York Times.
On October 10, 2022, Diamond received the Nobel Memorial Prize in Economic Sciences jointly with long-time collaborator Philip H. Dybvig and former Chair of the Federal Reserve, Ben Bernanke.
In 2016, he was awarded the CME Group-MSRI Prize in Innovative Quantitative Applications.
