Solving the present crisis and managing the leverage cycle

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Fallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation: Why Bank Equity is Not Expensive (2013, background): “For a general discussion on moral hazard problems created by leverage and bailouts, see Geanakoplos (2010).”
Taxing Financial Transactions: Issues and Evidence (2011, background): “In the wake of the financial crisis, a growing body of literature is exploring methods of combating excessive leverage to prevent bubbles: e.g., Geanakoplos (2010), Adrian and Shin (2009), Barlevy (2008).”
Working Paper # 0001 January 5 , 2012 A Survey of Systemic Risk Analytics (2012, unknown): “Geanakoplos (2010) emphasizes the role of the marginal investor: above (below) her along the demand schedule are other buyers who are more (less) enthusiastic about the security. Increasing leverage means that a smaller set of (more enthusiastic) investors can determine the price. In a boom, leverag”
Complexity, concentration and contagion (2011, background): “3 See Jackson (2008) for a comprehensive study of network techniques and their applications to economics.”
Federal Reserve Policy in an International Context (2017, background): “…to more risk-averse behavior and lower leverage is sharp enough, failures and financial instability can follow, as risky borrowers who received credit in the boom cannot finance themselves and the highly leveraged positions put on in good times become a downward accelerant (Geanakoplos, 2010).”