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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."

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"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."

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Explore more quotes by Robert C. Solomon

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Robert C. Solomon
"To the extent that the United States has, I don't like the word hegemony, the United States has influence around the world, I don't think that's based on to any significant degree on the fact that countries use the dollar as their major reserve."

Nation

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Robert C. Solomon
"Another question has been raised rather widely in Europe, in Japan as well as in the United States is what, to what extent will the euro become a reserve currency."

Geography

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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
"The dollar went up some eighty percent in real terms as I recall now or something like that - from '80 to '85."

Now

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

World

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Robert C. Solomon
"In the United States, securities markets are much more developed than they are in Europe."

Geography

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Robert C. Solomon
"On private transactions, I'll just go very quickly now, a major difference between the United States and Euroland is that in Europe banks are much more important in financial transactions than in the United States."

Finance

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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."

Nation

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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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