American economist
Philip Hallen Dybvig
(born May 22, 1955) is an American economist. He is the
Boatmen's Bancshares
Professor of Banking and Finance at the
Olin Business School
of
Washington University in St. Louis
.
[1]
[2]
Career
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Dybvig attended
Indiana University
and received in 1976 a BA in mathematics and physics. He then attended the economics PhD program at
University of Pennsylvania
for one year before transferring to
Yale University
, where he received the MA (1978), MPhil (1978), and PhD (1979) degrees in economics.
[3]
His thesis, titled "Recovering additive utility functions", was supervised by
Stephen A. Ross
.
[4]
Dybvig specializes in
asset pricing
, banking, investments, and
corporate governance
.
[5]
He was formerly a professor at
Yale University
, and assistant professor at
Princeton University
.
Dybvig was president of the
Western Finance Association
from 2002 to 2003, and was director of the Institute of Financial Studies at
Southwestern University of Finance and Economics
(
Chengdu
,
PRC
) from 2010 to 2021. He has been editor or associate editor of multiple journals, including the
Journal of Economic Theory
,
Finance and Stochastics
,
Journal of Finance
,
Journal of Financial Intermediation
,
Journal of Financial and Quantitative Analysis
, and
Review of Financial Studies
.
[3]
Dybvig is known for his work with
Douglas Diamond
on the
Diamond?Dybvig model
of bank runs.
[6]
Dybvig was awarded the 2022
Nobel Memorial Prize in Economic Sciences
, jointly with Diamond and
Ben Bernanke
, "for research on banks and financial crises".
[7]
[8]
Dybvig and Diamond wrote “Bank Runs, Deposit Insurance, and Liquidity” in 1983, in which they first introduced their mathematical model describing the vulnerability of banks during financial crises.
Alleged sexual misconduct
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In October 2022, Dybvig was accused of sexual harassment by several Chinese women attending Washington University’s Olin School of Business, where Dybvig works as a professor.
[9]
[10]
He is on absentee leave until July 2023. Dybvig's lawyer has denied the allegations. Bloomberg News reported that he was said to have called one of the students "tian meizi" (?妹子), meaning "sweet young girl" and gave her gifts of chocolate.
[11]
The encounters allegedly led the Chinese female students to warn each other about him.
[11]
References
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External links
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1969?1975
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1976?2000
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2001?present
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International
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National
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Academics
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