Lev Ratnovski is an 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. He has published in leading journals in the field, including the Journal of Financial Intermediation and the International Journal of Central Banking. His work has been featured on Bloomberg, Reuters, and Businessweek.