"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, Europe

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"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."

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Explore more quotes by 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."

Politics

"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

"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

"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

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

Now

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

Will

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

World

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

Geography

"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

"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