Professor Douglas Diamond has won the 2018 Onassis Prize in Finance.
The Onassis Prize in Finance is awarded every three years to honor academic work that has had a major international impact. It comes with $200,000 in prize money.
Diamond, who is the Merton H. Miller Distinguished Service Professor of Finance at the Booth School of Business, is known for his work on liquidity, financial crises, and financial intermediaries.
“I am delighted to receive the Onassis Prize,” Diamond told UChicago News. “After the recent financial crisis, policymakers and scholars have a renewed focus on the stability of financial institutions.”
The prizes are jointly sponsored by the Onassis Foundation and the Cass Business School in London. Recipients are selected by a panel of experts.