Douglas Diamond wins Chicago Mercantile Exchange Group-MSRI Prize for innovative quantitative applications

Chicago Booth professor recognized for research in financial crises and liquidity

The Chicago Mercantile Exchange Group-MSRI Prize in Innovative Quantitative Applications has been awarded to University of Chicago Booth School of Business Professor Douglas W. Diamond.

The CME Group-MSRI Prize is awarded to an individual or a group, to recognize originality and innovation in the use of mathematical, statistical or computational methods for the study of the behavior of markets, and more broadly of economics. The prize was established in 2006 by the CME Group and the Mathematical Sciences Research Institute (MSRI).

Diamond is the Merton H. Miller Distinguished Service Professor of Finance at Chicago Booth. He specializes in the study of financial intermediaries, financial crises, and liquidity. He has been on the faculty since 1979.

In addition to his tenure at Chicago Booth, Diamond is the 2015-2016 Fischer Black Visiting Professor of Financial Economics at the Massachusetts Institute of Technology (MIT) Sloan School of Management, a research associate of the National Bureau of Economic Research, and a visiting scholar at the Federal Reserve Bank of Richmond.

Diamond served as president of the American Finance Association and the Western Finance Association and is a fellow of the Econometric Society, the American Academy of Arts and Sciences, and the American Finance Association. He received the Morgan Stanley-American Finance Association Award for Excellence in Finance in 2012.

As the 10th annual prize recipient, Diamond will be awarded a commemorative bronze medallion and a cash award of $25,000, presented during a luncheon celebration on Feb. 1 at the CME Group headquarters in Chicago.

Diamond earned a bachelor's degree in economics from Brown University in 1975. He earned master's degrees in 1976 and 1977 and a PhD in 1980 in economics from Yale University.

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