Lev Ratnovski is Economist in the Research Department of the IMF. He focuses on bank regulation and structure, shadow banking, and global liquidity. Prior to this, he worked on U.S. and Canada desks of the IMF, and in the Financial Stability area of the Bank of England. Lev Ratnovski has published in leading journals in the field, including Journal of Financial Intermediation and International Journal of Central Banking. His work has been featured on Bloomberg, Reuters, and Businessweek.