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![Miniature of The Leverage Ratchet Effect](https://gsbpreserve.stanford.edu/templates/gsb/assets/img/offSitePublicationImage.jpg)
The Leverage Ratchet Effect
- GSB Authors: Anat Admati | Peter DeMarzo | Paul Pfleiderer
- Date: 2017-10-10
- Publication Type: Articles
- Publication: The Journal of Finance