Lev Ratnovski is a senior economist at the Research Department of the International Monetary Fund. He works on financial regulation and structure, financial crises, shadow banking, and global liquidity. In addition, Mr. Ratnovski covers IMF programs in Ireland, Portugal, Spain and Ukraine, and also covered economic policy in Korea. Prior to the current assignment, Mr. Ratnovski worked on U.S. and Canada desks of the IMF (2008-10), and in the Financial Regulation division of the Bank of England (2006-08). Lev Ratnovski has published in Journal of Financial Intermediation, Review of Finance, Journal of Banking and Finance, and International Journal of Central Banking. His work has been cited by Bloomberg, Economist, and Reuters. Mr. Ratnovski holds a B.Sc. from HSE-Moscow and a Ph.D. from the University of Amsterdam.