Overview
- Applies systemic thinking in the study of financial crises
- Demonstrates how theoretical models, developed in natural science, can be smoothly adopted for the study of economic entities and processes
- Addresses difficult problems that face decision makers and central bankers to help protect wealth and safeguard national economic surety
- Includes supplementary material: sn.pub/extras
Part of the book series: Contemporary Systems Thinking (CST)
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Table of contents (24 chapters)
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Systemic Modeling of Economic Entities and Processes
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Instability: The Brewing of Currency Wars
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Observability: Initiating Currency Wars
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Strategies of Self Defense
Keywords
About this book
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 financialattacks 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.
Authors and Affiliations
About the authors
Yirong Ying is professor of finance, and is associate chair of Department of Finance, College of Economics, Shanghai University. He earned his B.S. degree in mathematics in 1982 from Mathematics Department of Northwest University (China) and his Ph.D. degree in mathematics in 2000 from Mathematics Department of Xidian University. In 2002, Dr. Ying did one year of post-doctoral study in finance at Institute of Contemporary Finance, S
hanghai Jiao-Tong University.Additionally, Dr. Ying has published more than fifties research papers in various professional journals, such as Kybernetes, Advances in Systems Science and Applications, Annuals of Differential Equations, Journal of Management Science, Journal of System Management, Journal of Chang’an University, Chinese Journal of Engineering Mathematics, International Journal of Research in Business and Technology, International Journal of Engineering Mathematics and Computer Sciences. Currently, Professor Ying is a director of Shanghai Financial Engineering Association, System Science, Management Science & System Dynamics Association, and Chinese Enterprise Operations Research Association. He has won numerous Awards of Excellent Research. His works have been financially funded by National Natural Science Foundation (China), the Ministry of Education (China), and various agencies of Shanghai.
Zaiwu Gong is professor and specialized in group decision-making, grey systems, and risk analysis. Among his main research achievements, Dr. Gong developed a group consensus decision-making theory based on optimization and a multi-system consensus decision-making theory with decision makers’ (DMs’) intuitive preferences. He proposed a group consensus measure theory with utility constraint by considering DMs behavioral characteristics, and analyzed disaster risk evaluation theory’s impact on rapid consensus decision-making by considering the emergency characteristics of disaster risk. Along these lines, he has published over 70 research papers on such well-known international journals as the European Journal of Operational Research and Omega. His applied works are mainly published in a special issue of Natural Hazards and have been incorporated into the Academic Committee Development Plan for the Chinese Meteorological Society of Meteorological Disasters and Services. Professor Gong has also published four monographs by Science Press and Springer Press and one textbook published by Meteorological Press.
Dr. Gong has been involved in more than 20 projects funded at the Chinese national and provincial levels and has directed three projects for the National Natural Science Foundation of China. He led one project for the Humanities and Social Science Foundation of the Chinese National Ministry of Education, and four provincial projects that funded special talents (e.g., the Qinglan Project for the Department of Education, Jiangsu Province; the 333 high-level Talent Training Project, Jiangsu Province; and the Six Talent Peak Project, Jiangsu Province). Dr. Gong has been awarded 10 prizes, including the Excellent Paper Award for
the 4th IEEE International Conference on Grey Systems and Intelligent Services, the Outstanding Paper Award from an international publishing company, and the third prize for Excellent Achievement in Philosophy and Social Science in Jiangsu Province.
Dr. Gong has supervised 30 graduates (including five international graduates majoring in business administration). Among his students, two were awarded the Excellent Master’s Thesis of Nanjing University of Information Science and Technology, three have won a National Scholarship, and two have won the third prize for the National Graduate Mathematical Modeling Contest.
Bibliographic Information
Book Title: Currency Wars
Book Subtitle: Offense and Defense through Systemic Thinking
Authors: Jeffrey Yi-Lin Forrest, Yirong Ying, Zaiwu Gong
Series Title: Contemporary Systems Thinking
DOI: https://doi.org/10.1007/978-3-319-67765-1
Publisher: Springer Cham
eBook Packages: Business and Management, Business and Management (R0)
Copyright Information: Springer International Publishing AG 2018
Hardcover ISBN: 978-3-319-67764-4Published: 18 December 2017
Softcover ISBN: 978-3-319-88484-4Published: 01 September 2018
eBook ISBN: 978-3-319-67765-1Published: 25 November 2017
Series ISSN: 1568-2846
Edition Number: 1
Number of Pages: XXIII, 607
Number of Illustrations: 92 b/w illustrations, 22 illustrations in colour
Topics: Business Finance, Economic Theory/Quantitative Economics/Mathematical Methods, Financial Engineering