Lev Ratnovski is an economist at the Research Department of the International Monetary Fund. He focuses on international banking and finance issues. Previously, he worked on the United States and Canada desks of the IMF (2008-10) and in the Financial Stability area of the Bank of England (2006-08). Mr. Ratnovski holds a B.Sc. from HSE-Moscow and a Ph.D. from the University of Amsterdam.