Douglas W. Diamond is professor at University of Chicago's Graduate School of Business having previously taught at Yale and the Hong Kong University of Science and Technology. He specializes in the study of financial intermediaries, financial crises, and liquidity, and worked for the Board of Governors of the Federal Reserve System as a graduate student. He is a visiting scholar at the Federal Reserve Bank of Richmond, a position. He is a former president of the American Finance Association and the Western Finance Association, a fellow of

the Econometric Society, the American Academy of Arts and Sciences, and the American Finance Association.