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LIBR 2100 project:

Financial crisis

The average degree of leverage in the economy often rises prior to a financial crisis[citation needed]. For example, borrowing to finance investment in the stock market ("margin buying") became increasingly common prior to the Wall Street Crash of 1929. In addition, some scholars have argued that financial institutions can contribute to fragility by hiding leverage, and thereby contributing to underpricing of risk.[15]

Group Contribution, editing user: Amsvjoe:

above citation can be found here on page 212 chapter4

Kennard, F. & Hanne, A. (2015) Boom & Bust: A look at Economic Bubbles: Hershel/Williams

https://books.google.ca/books?id=KSb5CQAAQBAJ&pg=PA212&lpg=PA212&dq=average+degree+of+leverage+in+the+economy+often+rises+prior+to+a+financial+crisis&source=bl&ots=5eHmMJL7eH&sig=dEXNZXkMVlzRgxTxzKuE3Kp3LVc&hl=en&sa=X&ved=0CCgQ6AEwAmoVChMItM-r06blxgIVB9WACh0HOgTB#v=onepage&q=average%20degree%20of%20leverage%20in%20the%20economy%20often%20rises%20prior%20to%20a%20financial%20crisis&f=false

You can also find it on page 10 under topic Leverage. The link is https://books.google.ca/books?id=3eua8cb24LAC&pg=PA10&dq=The+average+degree+of+leverage+in+the+economy+often+rises+prior+to+a+financial+crisis&hl=en&sa=X&ved=0CDMQ6AEwAmoVChMI27KqrrX3xgIVQSgeCh18UADy#v=onepage&q=The%20average%20degree%20of%20leverage%20in%20the%20economy%20often%20rises%20prior%20to%20a%20financial%20crisis&f=false

--MootXxtjxX (talk) 00:47, 26 July 2015 (UTC)

Possible Sources:

Simkovic,M.(2009) Secret Liens and the Financial Crisis of 2008. American Bankruptcy Law Journal, Vol. 83, p. 253. Retrieved from: http://ssrn.com/abstract=1323190

This article that I found is talk about the hidden leverage in financial crises of 20008, I want to use this article to summarize the information about leverage that related to the passage I have chosen. In this article, the author give us lots of information about "leverage".

Draft of New Passage

Sentence that needs a citation: The average degree of leverage in the economy often rises prior to a financial crisis[citation needed].

Draft of new passage: Simkovic(2009) found that before the financial crisis, the standard of economic leverage typically rises.

Simkovic, M.(2009). Secret Liens and the Financial Crisis of 2008. American Bankruptcy Law Journal, Vol. 83, p. 253. Retrieved from:http://ssrn.com/abstract=1323190

Masked Shaco edit at Thursday August 6.