"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's a stability and growth pact which was agreed for the eleven countries which tries to limit the size of budget deficits among the eleven countries."

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"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."

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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."

People, Europe

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

Now,

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

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

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"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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"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."

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