web3/concepts/leverage.md

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# Leverage
Leverage refers to the use of debt to increase the size of a position in an investment.
## References
1. Roche, Cullen O. 2011. Understanding the Modern Monetary System. http://ssrn.com/paper=1905625.
1. Grinold, Richard C., and Ronald N. Kahn. Active portfolio management: Quantitative theory and applications. Probus, 1995.
1. Wilmott, Paul. Paul Wilmott introduces quantitative finance. John Wiley & Sons, 2007.