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Robert C. Solomon

"The dollar is currently the principal reserve currency in the world."

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"The dollar is currently the principal reserve currency in the world."

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Explore more quotes by Robert C. Solomon

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Robert C. Solomon
"Chances are the movements of the euro as against the dollar will be relatively moderate."

Will

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Robert C. Solomon
"So if the euro, if Euroland is to become a reserve center, if the euro is to become a reserve currency, Euroland will have to have a deficit in its overall balance of payments."

Balance

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Robert C. Solomon
"There has been talk in Europe about American hegemony being somehow based upon the use of the dollar in the world. I just don't see that connection at all."

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Robert C. Solomon
"Some countries that are close to Europe that already hold Deutschemarks, clearly would automatically hold euros, those are countries in Eastern Europe mainly, a few countries in Africa."

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Robert C. Solomon
"The United States as usual has a sizable deficit in the current account of its balance of payments, trade account and other current accounts, current account items."

Balance

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Robert C. Solomon
"Back in those days, in the fifties and sixties, countries had balance of payment's deficits or surpluses, those were reflected much more than today in movements of reserves among countries."

Balance

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Robert C. Solomon
"The reserve currency role seems to add prestige to an area and some people in Europe have talked about the desirability of the euro becoming an international reserve currency."

People

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Robert C. Solomon
"The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 billion dollar bills, that may be twenty, fifty, hundred dollar bills as well as ones, exist in the world - a lot of them in Russia as you all know I'm sure."

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Robert C. Solomon
"Love can be understood only "from the inside," as a language can be understood only by someone who speaks it, as a world can be understood only by someone who lives in it."

Love

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Robert C. Solomon
"The dollar is currently the principal reserve currency in the world."

World

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