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Toni Ahnert is a Research Advisor in the Financial Studies Division at the Bank of Canada. He is a financial economist with interests in Financial Intermediation, International Finance, Financial Regulation, and Global Games. He received his Ph.D. in ¹û¶³ÊÓƵ from the London School of ¹û¶³ÊÓƵ and Political Science and is a Research Affiliate at CEPR (Financial ¹û¶³ÊÓƵ).