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Currency Wars

Offense and Defense through Systemic Thinking

  • Jeffrey Yi-Lin Forrest
  • Yirong Ying
  • Zaiwu Gong

Part of the Contemporary Systems Thinking book series (CST)

Table of contents

  1. Front Matter
    Pages i-xxiii
  2. Jeffrey Yi-Lin Forrest, Yirong Ying, Zaiwu Gong
    Pages 1-14
  3. Jeffrey Yi-Lin Forrest, Yirong Ying, Zaiwu Gong
    Pages 15-47
  4. Systemic Modeling of Economic Entities and Processes

    1. Front Matter
      Pages 49-49
    2. Jeffrey Yi-Lin Forrest, Jesus Valencia, Yirong Ying, Zaiwu Gong, Baohua Yang, Qiaoxing Li
      Pages 51-72
    3. Jeffrey Yi-Lin Forrest, Yirong Ying, Zaiwu Gong, Jinsuai Zhao, Jesus Valencia, Baohua Yang et al.
      Pages 73-108
    4. Jeffrey Yi-Lin Forrest, Yirong Ying, Zaiwu Gong, Bohua Yang, Yong Liu, Abdykappar Ashimov et al.
      Pages 109-127
    5. Jeffrey Yi-Lin Forrest, Yirong Ying, Zaiwu Gong, Yong Liu, Abdykappar Ashimov, Yuriy Borovskiy
      Pages 129-147
  5. Instability: The Brewing of Currency Wars

    1. Front Matter
      Pages 149-149
    2. Jeffrey Yi-Lin Forrest, Yirong Ying, Zaiwu Gong
      Pages 151-179
    3. Jeffrey Yi-Lin Forrest, Yirong Ying, Zaiwu Gong, Kurt Schimmel, Sifeng Liu, Jeananne Nicholls
      Pages 181-195
    4. Jeffrey Yi-Lin Forrest, Yirong Ying, Zaiwu Gong, Kurt Schimmel, Sifeng Liu, Jeananne Nicholls et al.
      Pages 197-215
  6. Observability: Initiating Currency Wars

    1. Front Matter
      Pages 217-217
    2. Jeffrey Yi-Lin Forrest, Yirong Ying, Zaiwu Gong
      Pages 219-243
    3. Jeffrey Yi-Lin Forrest, Yirong Ying, Zaiwu Gong
      Pages 245-263
  7. Strategies of Self Defense

    1. Front Matter
      Pages 265-265
    2. Jeffrey Yi-Lin Forrest, Yirong Ying, Zaiwu Gong
      Pages 267-283
    3. Jeffrey Yi-Lin Forrest, Yirong Ying, Zaiwu Gong, Bohua Yang, Sailau Baizako, Oinarov Azamat Ryskulovich
      Pages 285-305
    4. Jeffrey Yi-Lin Forrest, Yirong Ying, Zaiwu Gong, Qionghao Chen
      Pages 307-324
  8. Clean Up Disastrous Aftermath Through Policies and Reforms

    1. Front Matter
      Pages 325-325
    2. Jeffrey Yi-Lin Forrest, Yirong Ying, Zaiwu Gong, Huan Guo, Jinli Guo, Stephen Larson
      Pages 327-348
    3. Jeffrey Yi-Lin Forrest, Yirong Ying, Zaiwu Gong, Qionghao Chen, Huachun Zhao, Yingjie Yang
      Pages 349-372
    4. Jeffrey Yi-Lin Forrest, Yirong Ying, Zaiwu Gong, Yan Yue, Dmitry A. Novikov
      Pages 373-388
    5. Jeffrey Yi-Lin Forrest, Yirong Ying, Zaiwu Gong, Guosheng Zhang, John Golden
      Pages 389-407
    6. Jeffrey Yi-Lin Forrest, Yirong Ying, Zaiwu Gong, Zhongyu Wang, Jinli Guo
      Pages 409-436
  9. Specific Case Analyses

    1. Front Matter
      Pages 437-437
    2. Jeffrey Yi-Lin Forrest, Yirong Ying, Zaiwu Gong
      Pages 439-474
    3. Jeffrey Yi-Lin Forrest, Yirong Ying, Zaiwu Gong
      Pages 475-500
    4. Jeffrey Yi-Lin Forrest, Yirong Ying, Zaiwu Gong
      Pages 501-526
    5. Jeffrey Yi-Lin Forrest, Yirong Ying, Zaiwu Gong
      Pages 527-566
    6. Jeffrey Yi-Lin Forrest, Yirong Ying, Zaiwu Gong
      Pages 567-571
  10. Back Matter
    Pages 573-607

About this book

Introduction

This book uses systemic thinking and applies it to the study of financial crises. It systematically presents how the systemic yoyo model, its thinking logic, and its methodology can be employed as a common playground and intuition to the study of money, international finance, and economic reforms. This book establishes theoretical backings for why some of the most employed interferences of the market and empirical experiences actually work. It has become urgent for economists and policy makers to understand how international speculative capital affects the economic security of various nations. By looking at the issues of monetary movement around the world, this book shows that there are clearly visible patterns behind the flows of capital, and that there are a uniform language and logic of reasoning that can be powerfully employed in the studies of international finance As shown in this book, many of the conclusions drawn on the basis of these visible patterns, language, and logic of thinking can be practically applied to produce tangible economic benefits. 

Currency Wars: Offense and Defense through Systemic Thinking is divided into six parts. The first part addresses issues related to systemic modeling of economic entities and processes and explains how a few policy changes can adjust the performance of the extremely complex economy. Part II of the book investigates the problem of how instabilities lead to opportunities for currency attacks, the positive and negative effects of foreign capital, and how international capital flows can cause disturbances of various degrees on a nation’s economic security. Part III examines how a currency war is initiated, why currency conflicts and wars are inevitable, and a specific way of how currency attacks can take place. In Part IV, the book shows how one nation can potential defend itself by manipulating exchange rate of its currency, how the nation under siege can protect itself against financial attacks by using strategies based on the technique of feedback, and develops a more general approach of self-defense. Part V focuses on issues related to the cleanup of the disastrous aftermath of currency attacks through using policies and reforms. Finally the book concludes in Part VI as it analyzes specific real-life cases and addresses the ultimate problem of whether or not currency wars can be avoided all together.

Keywords

Systems Science Systemic Modeling Systemic Thinking Finance Financial Crisis Systemic Yoyo Second-Order Science Dynamic Monetary Systems Currency War

Authors and affiliations

  • Jeffrey Yi-Lin Forrest
    • 1
  • Yirong Ying
    • 2
  • Zaiwu Gong
    • 3
  1. 1.School of BusinessSlippery Rock UniversitySlippery RockUSA
  2. 2.College of EconomicsShanghai UniversityShanghaiChina
  3. 3.College of Economics and ManagementNanjing University of Information Science and TechnologyNanjingChina

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-319-67765-1
  • Copyright Information Springer International Publishing AG 2018
  • Publisher Name Springer, Cham
  • eBook Packages Business and Management
  • Print ISBN 978-3-319-67764-4
  • Online ISBN 978-3-319-67765-1
  • Series Print ISSN 1568-2846
  • Buy this book on publisher's site