US trio, including ex-Fed chief Bernanke, win economics Nobel

STOCKHOLM: The Nobel Economics Prize was on Monday awarded to a US trio for their contributions on explaining the role of banks in the economy.

Ben Bernanke, Douglas Diamond and Philip Dybvig were given the nod for having "significantly improved our understanding of the role of banks in the economy, particularly during financial crises, as well as how to regulate financial markets," the jury said.