Douglas Warren Diamond (born 1953) is the Merton H. Miller Distinguished Service Professor of Finance at University of Chicago’s Graduate School of Business. He specializes in the study of financial intermediaries, financial crises, and liquidity. 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.
Diamond is best known for his work on financial crises and bank runs, particularly the influential Diamond–Dybvig model published in 1983. He was listed by Thomson Reuters as one of the "researchers likely to be in contention for Nobel honours based on the citation impact of their published research". In 2016, he was awarded the CME Group-MSRI Prize in Innovative Quantitative Applications.
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