Lev Ratnovski

15 years at IMF, ECB, and BOE. Expertise in the financial sector policies, macro adjustment, central banking, and crisis management. Multiple applied and academic publications. Country experience: Canada, China, Euro Area, Ireland, Korea, Mongolia, Portugal, Spain, Ukraine, UK, and the U.S.


  • IMF, Euro Area Desk, 2021-

  • ECB, Lead Economist, DG-Research, 2018-2021;

  • IMF, Senior Economist, Research Dept., 2010-2018;

  • IMF, United States and Canada Desk, 2008-2010;

  • Bank of England, 2006-2008;

  • PhD, University of Amsterdam, 2008.


Working papers

Policy papers

Other policy work

Conferences and seminars; honors

Short Bio

  • Lev Ratnovski is Lead Economist at the European Central Bank (Directorate General Research), on leave from the International Monetary Fund. He works on financial sector issues, such as fintech, macropru, liquidity, regulation, and crises. At the IMF, he covered Canada, China, Korea, Mongolia, Ireland, Spain, Portugal, Ukraine, and USA. He has published in the Review of Financial Studies, Review of Finance, and Journal of Financial Intermediation, among other journals. His work has been cited by Bloomberg, Economist, and Reuters. Mr. Ratnovski started his career at the Bank of England after receiving a Ph.D. from the University of Amsterdam.