Lev Ratnovski

International Monetary Fund

Economist

700 19th Street, N.W.

Washington, DC 20431

United States

http://ratnovski.googlepages.com

European Central Bank, Financial Research Division

Lead Economist

Germany

SCHOLARLY PAPERS

33

DOWNLOADS
Rank 4,667

SSRN RANKINGS

Top 4,667

in Total Papers Downloads

10,951

SSRN CITATIONS
Rank 1,911

SSRN RANKINGS

Top 1,911

in Total Papers Citations

216

CROSSREF CITATIONS

474

Scholarly Papers (33)

1.
Downloads 1,772 ( 11,612)
Citation 6

Liquidity and Transparency in Bank Risk Management

Journal of Financial Intermediation, Forthcoming, EFA 2006 Zurich Meetings
Number of pages: 39 Posted: 14 Jun 2006 Last Revised: 09 Jan 2013
Lev Ratnovski
International Monetary Fund
Downloads 1,608 (13,282)
Citation 4

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Banks, Liquidity Risk, Regulation, Transparency, Basel III

Liquidity and Transparency in Bank Risk Management

IMF Working Paper No. 13/16
Number of pages: 42 Posted: 22 Feb 2013
Lev Ratnovski
International Monetary Fund
Downloads 164 (222,492)

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Banks, Basel III, Economic models, Liquidity, Risk management, Transparency, liquidity risk, regulation, transparency

2.

What is Shadow Banking?

IMF Working Paper No. 14/25
Number of pages: 9 Posted: 04 Feb 2015
Stijn Claessens and Lev Ratnovski
Bank for International Settlements (BIS) and International Monetary Fund
Downloads 1,201 (21,220)
Citation 6

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3.

Why are Canadian Banks More Resilient?

IMF Working Paper No. 09/152
Number of pages: 20 Posted: 04 Aug 2009
Lev Ratnovski and Rocco Huang
International Monetary Fund and Michigan State University - Department of Finance
Downloads 1,173 (21,976)

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Bank regulations, Banking crisis, Banking sector, Canada, Commercial banks, Cross country analysis, Depositories, Economic models, Financial stability, Monetary policy

4.

COVID-19 and Non-Performing Loans: Lessons from past Crises

Number of pages: 7 Posted: 30 Jun 2020
Anil Ari, Sophia Chen and Lev Ratnovski
International Monetary Fund, International Monetary Fund (IMF) - Research Department and International Monetary Fund
Downloads 855 (34,620)
Citation 6

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COVID-19, Debt Overhang, Non-Performing Loans; Crisis; Resolution

5.
Downloads 835 ( 35,698)
Citation 114

The Dark Side of Bank Wholesale Funding

ECB Working Paper No. 1223, FRB of Philadelphia Working Paper No. 09-3, European Banking Center Discussion Paper No. 2009-18S, CentER Discussion Paper Series No. 2009-59S
Number of pages: 41 Posted: 20 Jul 2010
Rocco Huang and Lev Ratnovski
Michigan State University - Department of Finance and International Monetary Fund
Downloads 711 (43,831)
Citation 5

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Financial Crises, Liquidity Risk, Wholesale Funding, Regulation

The Dark Side of Bank Wholesale Funding

IMF Working Paper No. 10/170
Number of pages: 29 Posted: 14 Feb 2011
Lev Ratnovski and Rocco Huang
International Monetary Fund and Michigan State University - Department of Finance
Downloads 124 (278,807)
Citation 17

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The Dark Side of Bank Wholesale Funding

FRB of Philadelphia Working Paper No. 09-3
Number of pages: 32 Posted: 15 Jul 2021
Rocco Huang and Lev Ratnovski
affiliation not provided to SSRN and International Monetary Fund
Downloads 0

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6.

Bank Liquidity Regulation and the Lender of Last Resort

Journal of Financial Intermediation, Forthcoming
Number of pages: 36 Posted: 05 Sep 2007
Lev Ratnovski
International Monetary Fund
Downloads 541 (63,230)
Citation 5

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Liquidity, Bank regulation, Lender of last resort, Bailout, Transparency

7.
Downloads 539 ( 63,495)
Citation 6

Capital Regulation and Tail Risk

24th Australasian Finance and Banking Conference 2011 Paper
Number of pages: 48 Posted: 18 Mar 2011 Last Revised: 06 Oct 2011
Enrico C. Perotti, Lev Ratnovski and Razvan Vlahu
University of Amsterdam - Finance Group, International Monetary Fund and De Nederlandsche Bank
Downloads 168 (217,912)
Citation 5

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Banking, Capital Regulation, Risk-Taking, Tail Risk, Systemic Risk

Capital Regulation and Tail Risk

De Nederlandsche Bank Working Paper No. 307
Number of pages: 52 Posted: 31 Oct 2011
Enrico C. Perotti, Lev Ratnovski and Razvan Vlahu
University of Amsterdam - Finance Group, International Monetary Fund and De Nederlandsche Bank
Downloads 111 (301,978)
Citation 6

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Banking, Capital regulation, Risk-taking, Tail risk, Systemic risk

Capital Regulation and Tail Risk

Number of pages: 48 Posted: 07 Mar 2011 Last Revised: 06 Oct 2011
Enrico C. Perotti, Lev Ratnovski and Razvan Vlahu
University of Amsterdam - Finance Group, International Monetary Fund and De Nederlandsche Bank
Downloads 102 (320,407)
Citation 6

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Banking, Capital Regulation, Risk-Taking, Tail Risk, Systemic Risk

Capital Regulation and Tail Risk

Paolo Baffi Centre Research Paper No. 2011-96
Number of pages: 43 Posted: 12 Jul 2011
Enrico C. Perotti, Lev Ratnovski and Razvan Vlahu
University of Amsterdam - Finance Group, International Monetary Fund and De Nederlandsche Bank
Downloads 87 (355,140)
Citation 6

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Capital Regulation and Tail Risk

IMF Working Paper No. 11/188
Number of pages: 39 Posted: 16 Aug 2011
Lev Ratnovski, Enrico C. Perotti and Razvan Vlahu
International Monetary Fund, University of Amsterdam - Finance Group and De Nederlandsche Bank
Downloads 71 (400,623)

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8.
Downloads 478 ( 73,675)
Citation 3

Bank Lending in the Knowledge Economy

28th Annual Conference on Financial Economics and Accounting
Number of pages: 74 Posted: 17 Dec 2016 Last Revised: 14 Apr 2020
International Monetary Fund (IMF) - Research Department, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and International Monetary Fund
Downloads 410 (87,638)
Citation 3

Abstract:

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corporate intangible assets, bank lending, commercial loans, real estate loans

Bank Lending in the Knowledge Economy

IMF Working Paper No. 17/234
Number of pages: 46 Posted: 01 Dec 2017
International Monetary Fund (IMF) - Research Department, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and International Monetary Fund
Downloads 50 (477,483)

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Intangible capital, bank lending, commercial loans, real estate loans, liquid assets, Financial Markets and the Macroeconomy, Government Policy and Regulation

Bank Lending in the Knowledge Economy

FEDS Working Paper No. 2020-40
Number of pages: 75 Posted: 12 Jun 2020
International Monetary Fund (IMF) - Research Department, Board of Governors of the Federal Reserve System, Board of Governors of the Federal Reserve System and International Monetary Fund
Downloads 17 (672,966)

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Bank Lending in the Knowledge Economy

CEPR Discussion Paper No. DP12994
Number of pages: 55 Posted: 18 Jun 2018 Last Revised: 25 Jun 2018
International Monetary Fund (IMF) - Research Department, Board of Governors of the Federal Reserve System, International Monetary Fund and Board of Governors of the Federal Reserve System
Downloads 1 (814,463)
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bank lending, commercial loans, corporate intangible assets, real estate loans

9.

Shadow Banking: Economics and Policy

Number of pages: 37 Posted: 11 Dec 2012
Bank for International Settlements (BIS), International Monetary Fund (IMF), International Monetary Fund and International Monetary Fund (IMF)
Downloads 394 (92,534)
Citation 12

Abstract:

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shadow banking, securitization, collateral, systemic risk

10.

Bank Size, Capital, and Systemic Risk: Some International Evidence

Number of pages: 35 Posted: 13 Oct 2014
Luc Laeven, Lev Ratnovski and Hui Tong
European Central Bank (ECB), International Monetary Fund and International Monetary Fund (IMF)
Downloads 360 (102,664)
Citation 39

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Banking crisis; Bank performance; Bank fragility; Systemic risk; Financial regulation

11.
Downloads 272 (116,922)
Citation 1

Monetary Policy and Intangible Investment

Number of pages: 73 Posted: 09 Jun 2020 Last Revised: 20 Jan 2021
Robin Döttling and Lev Ratnovski
Rotterdam School of Management, Erasmus University and International Monetary Fund
Downloads 272 (138,093)
Citation 1

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Intangible Investment, Monetary Policy, Credit Channel, Stock Returns, Heterogeneity

12.
Downloads 316 (118,483)
Citation 20

Banking and Trading

Amsterdam Center for Law & Economics
Number of pages: 46 Posted: 05 Sep 2012 Last Revised: 13 Feb 2014
Arnoud W. A. Boot and Lev Ratnovski
University of Amsterdam - Amsterdam Business School and International Monetary Fund
Downloads 164 (222,492)

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Banking and Trading

Amsterdam Law School Research Paper No. 2012-85, Amsterdam Center for Law & Economics Working Paper No. 2012-08
Number of pages: 47 Posted: 24 Sep 2012 Last Revised: 06 May 2013
Arnoud W. A. Boot and Lev Ratnovski
University of Amsterdam - Amsterdam Business School and International Monetary Fund
Downloads 150 (239,932)
Citation 5

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banking, trading, capital regulation, scale, subsidiarization

Banking and Trading

CEPR Discussion Paper No. DP9148
Number of pages: 48 Posted: 28 Sep 2012
Arnoud W. A. Boot and Lev Ratnovski
University of Amsterdam - Amsterdam Business School and International Monetary Fund
Downloads 2 (801,176)
Citation 7
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banking, capital regulation, scale restrictions, trading

13.

Benefits and Costs of Bank Capital

IMF Staff Discussion Note No. SDN/16/04
Number of pages: 38 Posted: 14 Sep 2016
International Monetary Fund (IMF) - Research Department, International Monetary Fund (IMF) - Research Department, European Central Bank (ECB), International Monetary Fund and International Monetary Fund (IMF)
Downloads 246 (153,486)
Citation 1

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Banks, Capital Regulation, Crises

14.

Public Financial Institutions in Developed Countries - Organization and Oversight

IMF Working Paper No. 07/227
Number of pages: 30 Posted: 03 Oct 2007
Lev Ratnovski and Aditya Narain
International Monetary Fund and International Monetary Fund (IMF)
Downloads 223 (168,656)

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Working Paper, Financial institutions, Developed countries, Bank regulations, Bank supervision, Public sector

15.

Bank Size and Systemic Risk

Number of pages: 34 Posted: 19 May 2014
Luc Laeven, Lev Ratnovski and Hui Tong
European Central Bank (ECB), International Monetary Fund and International Monetary Fund (IMF)
Downloads 210 (178,493)
Citation 22

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16.
Downloads 188 (197,466)
Citation 29

Global Liquidity and Drivers of Cross-Border Bank Flows

Number of pages: 26 Posted: 10 May 2014 Last Revised: 10 Jun 2014
Eugenio Cerutti, Stijn Claessens and Lev Ratnovski
International Monetary Fund (IMF), Bank for International Settlements (BIS) and International Monetary Fund
Downloads 111 (301,978)
Citation 7

Abstract:

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Global Liquidity, International Banking, Capital Flows

Global Liquidity and Drivers of Cross-Border Bank Flows

IMF Working Paper No. 14/69
Number of pages: 34 Posted: 03 Jun 2014
Eugenio Cerutti, Stijn Claessens and Lev Ratnovski
International Monetary Fund (IMF), Bank for International Settlements (BIS) and International Monetary Fund
Downloads 77 (382,451)

Abstract:

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International banking, Banks, Liquidity, Capital flows, Bank regulations, Bank supervision, Cross country analysis, Global Liquidity, Capital Flows., bank claims, bank borrowers, bank risk, capital regulation, banking statistics, financial markets, bank capital, global financial crisis, banking system, bank risk-taking, bank capital regulation, bank risk taking, bank for international settlements, globalization, banking sector, banking capital, capital adequacy, banking systems, financial intermediation, banking regulation, global financial markets, global financial system, global financial stability, international financial markets, capital requirement, financial integration, bank balance s

Global Liquidity and Drivers of Cross-Border Bank Flows

CEPR Discussion Paper No. DP10314
Number of pages: 28 Posted: 23 Jan 2015
Eugenio Cerutti, Stijn Claessens and Lev Ratnovski
International Monetary Fund (IMF), Bank for International Settlements (BIS) and International Monetary Fund
Downloads 0
Citation 9
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Capital Flows, Global liquidity, International Banking

The Dynamics of Non-Performing Loans During Banking Crises: A New Database

ECB Working Paper No. 2395
Number of pages: 64 Posted: 20 Apr 2020
Anil Ari, Sophia Chen and Lev Ratnovski
International Monetary Fund, International Monetary Fund (IMF) - Research Department and International Monetary Fund
Downloads 97 (331,229)

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banking crises, crisis resolution, debt, non-performing loans, recessions

The Dynamics of Non-Performing Loans During Banking Crises: A New Database

IMF Working Paper No. 19/272
Number of pages: 41 Posted: 22 Jan 2020
Anil Ari, Sophia Chen and Lev Ratnovski
International Monetary Fund, International Monetary Fund (IMF) - Research Department and International Monetary Fund
Downloads 62 (430,816)

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Financial crises, Financial soundness indicators, Exchange rate policy, Banking crisis, Balance of payments, non-performing loans, debt, banking crises, recessions, crisis resolution, WP, NPL, post-crisis, pre-crisis, bank crisis, GFC

18.

Fintech: What’s Old, What’s New?

Journal of Financial Stability, 2021, ADB-IGF Special Working Paper Series “Fintech to Enable Development, Investment, Financial Inclusion, and Sustainability”
Number of pages: 37 Posted: 08 Jan 2021
University of Amsterdam - Amsterdam Business School, European Central Bank (ECB) - Directorate General Research, European Central Bank (ECB) and International Monetary Fund
Downloads 151 (238,033)

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Financial Intermediation, Financial Innovation, Fintech, Information, Communication

19.
Downloads 145 (246,114)
Citation 19

Externalities and Macroprudential Policy

IMF Working Paper No. SDN/12/05
Number of pages: 24 Posted: 13 Jun 2012
Gianni De Nicolo, Giovanni Favara and Lev Ratnovski
Johns Hopkins University - Carey Business School, HEC University of Lausanne and International Monetary Fund
Downloads 102 (320,407)
Citation 20

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Externalities, systemic risk, macroprudential policy

Externalities and Macroprudential Policy

Journal of Financial Perspectives, Vol. 2, No. 1, 2014
Number of pages: 16 Posted: 29 Nov 2017
Gianni De Nicolo, Giovanni Favara and Lev Ratnovski
Johns Hopkins University - Carey Business School, Board of Governors of the Federal Reserve System and International Monetary Fund
Downloads 43 (508,979)

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20.
Downloads 127 (272,669)

Competition Policy for Modern Banks

IMF Working Paper No. 13/126
Number of pages: 21 Posted: 18 Jun 2013
Lev Ratnovski
International Monetary Fund
Downloads 83 (365,719)

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Banking, Banks, Competition, Risk management, competition, Competition Policy, Macroprudential Policy, Systemic Risk., competition policy, banking, bank competition, mergers, degree of competition, competitive advantage, higher concentration, bank stability, regulatory standards, banking services, bank business, bank mergers, net interest margin, competition policies, bank incentives, bank risk, competition authority, optimal degree of competition, competition authorities, bank risk-taking, banking system, banking business, bank market, barrier to entry, investment banking, bank regulation, merger, imperfect competition, market competition, market concentration, bank assets, bank distress

Competition Policy for Modern Banks

Number of pages: 20 Posted: 26 May 2013
Lev Ratnovski
International Monetary Fund
Downloads 44 (504,233)

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Banks, Competition Policy, Risk Taking

21.

Franchise Value and Risk-Taking in Modern Banks

De Nederlandsche Bank Working Paper No. 430
Number of pages: 41 Posted: 17 Jul 2014
Natalya Martynova, Lev Ratnovski and Razvan Vlahu
De Nederlandsche Bank - Research Department, International Monetary Fund and De Nederlandsche Bank
Downloads 124 (277,639)
Citation 2

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Banks, Risk-taking, Franchise value, Bank capital, Repo markets, Crises

22.

Bank Profitability and Risk-Taking

IMF Working Paper No. 15/249
Number of pages: 44 Posted: 03 Feb 2016
Natalya Martynova, Lev Ratnovski and Razvan Vlahu
De Nederlandsche Bank - Research Department, International Monetary Fund and De Nederlandsche Bank
Downloads 89 (347,159)
Citation 1

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Risk-Taking, Repo Markets, Crises, bank, risk, bank risk, capital, Government Policy and Regulation, Crises.,

23.

Commodity Prices and Inflation Expectations in the United States

IMF Working Paper No. 12/89
Number of pages: 27 Posted: 10 May 2012
Oya Celasun, Roxana Mihet and Lev Ratnovski
International Monetary Fund (IMF) - Research Department, New York University (NYU), Department of Economics, Students and International Monetary Fund
Downloads 83 (362,301)

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Commodity prices, Agricultural prices, External shocks, Oil prices, Price increases, inflation, monetary policy, inflation rate, aggregate demand, treasury bonds, post-crisis period, nominal interest rates, price inflation, monetary fund, monetary economics

24.

Bailouts and Systemic Insurance

IMF Working Paper No. 13/233
Number of pages: 29 Posted: 10 Dec 2013
Giovanni Dell'Ariccia and Lev Ratnovski
International Monetary Fund (IMF) - Research Department and International Monetary Fund
Downloads 81 (367,570)
Citation 1

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Banking crisis, Financial intermediation, Moral hazard, Banking systems, Risk management, Economic models, Bailouts, banking crises, systemic risk, contagion, bank resolution, bank risk, bank risk taking, bank monitoring, bank incentives, bank failure, bank capital, deposit insurance, bank regulation, capital regulation, recession, bank profits, bank funding, bank failures, bankrupt, financial crises, bank risks, bank investment, credit booms, bank research, bank risk-taking, interbank market, bank bailouts, bank closure, bank shareholders, financial contagion, crisis management, resolution of banking crises, bank for international settlements, bank owners, bank portfolio

25.

Bank Profitability, Leverage Constraints, and Risk-Taking

Deutsche Bundesbank Discussion Paper No. 21/2019
Number of pages: 62 Posted: 21 Apr 2019
Natalya Martynova, Lev Ratnovski and Razvan Vlahu
Deutsche Bundesbank - Research Centre, International Monetary Fund and De Nederlandsche Bank
Downloads 79 (372,971)
Citation 7

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Banks, Risk-Taking, Leverage, Funding Structure, Crises

Credit and Fiscal Multipliers in China

BOFIT Discussion Paper No. 5/2019
Number of pages: 33 Posted: 04 Mar 2019
Sophia Chen, Lev Ratnovski and Pi-Han Tsai
International Monetary Fund (IMF) - Research Department, International Monetary Fund and Zhejiang University - College of Economics
Downloads 44 (504,233)

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credit growth, fiscal stimulus, China, macroprudential policy, multipliers

Credit and Fiscal Multipliers in China

IMF Working Paper No. 17/273
Number of pages: 27 Posted: 18 Jan 2018
Sophia Chen, Lev Ratnovski and Pi-Han Tsai
International Monetary Fund (IMF) - Research Department, International Monetary Fund and Zhejiang University - College of Economics
Downloads 29 (585,428)

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Asia and Pacific, China, Macroprudential Policy, Fiscal stimulus, Credit Growth, Multipliers, Comparative or Joint Analysis of Fiscal and Monetary or Stabilization Policy, General, Size and Spatial Distributions of Regional Economic Activity

27.

Banking and Trading

IMF Working Paper No. 12/238
Number of pages: 49 Posted: 01 Nov 2012
Lev Ratnovski
International Monetary Fund
Downloads 69 (402,124)

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Bank regulations, Banking, Capital, Commercial banks, Investment, Resource allocation, Bank regulation, proprietary trading, relationship banking, Volcker rule

28.

The Dynamics of Non-Performing Loans during Banking Crises: A New Database with Post-COVID-19 Implications

Journal of Banking and Finance, Forthcoming
Number of pages: 97 Posted: 06 May 2021
Anil Ari, Sophia Chen and Lev Ratnovski
International Monetary Fund, International Monetary Fund (IMF) - Research Department and International Monetary Fund
Downloads 55 (450,133)
Citation 2

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non-performing loans, debt, banking crises, recessions, crisis resolution, COVID

29.

Financial Intermediation and Technology: What's Old, What's New?

ECB Working Paper No. 20202438
Number of pages: 34 Posted: 07 Jul 2020
Peter Hoffmann, Luc Laeven and Lev Ratnovski
European Central Bank (ECB) - Directorate General Research, European Central Bank (ECB) and International Monetary Fund
Downloads 51 (465,350)

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30.

The Effects of Higher Bank Capital Requirements on Credit in Peru

IMF Working Paper No. 18/222
Number of pages: 35 Posted: 15 Nov 2018
The University of Hong Kong, International Monetary Fund (IMF), International Monetary Fund (IMF), Johns Hopkins University, CESifo (Center for Economic Studies and Ifo Institute) and International Monetary Fund
Downloads 27 (582,186)

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Bank credit, Peru, Capital requirements, Western Hemisphere, bank regulation, Financial Markets and the Macroeconomy, Government Policy and Regulation

31.

Benefits and Costs of Corporate Debt Restructuring: An Estimation for Korea

Number of pages: 21 Posted: 06 Dec 2016
Jae Chung and Lev Ratnovski
International Monetary Fund (IMF) - Research Department and International Monetary Fund
Downloads 22 (615,154)
Citation 1

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Corporate Debt, Stress-Tests, Debt Restructuring, Korea

32.

Bank Lending in the Knowledge Economy

ECB Working Paper No. 20202429
Number of pages: 77 Posted: 26 Jun 2020
affiliation not provided to SSRN, Board of Governors of the Federal Reserve System, International Monetary Fund and Board of Governors of the Federal Reserve System
Downloads 13 (679,500)

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bank lending, commercial loans, corporate intangible capital, real estate loans

33.

Financial Intermediation and Technology: What's Old, What's New?

CEPR Discussion Paper No. DP15004
Number of pages: 32 Posted: 28 Jul 2020 Last Revised: 16 Aug 2020
University of Amsterdam - Amsterdam Business School, European Central Bank (ECB) - Directorate General Research, European Central Bank (ECB) and International Monetary Fund
Downloads 0 (795,478)
Citation 2
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communication, financial innovation, Financial Intermediation, Fintech, Information