Robert C. Solomon Quotes

Robert C. Solomon
American Educator
Born: Sep 14, 1942
Died: Jan 2, 2007
Become Countries Currency Dollar Will World
Related authors: Bill Nye Booker T. Washington Horace Mann John W. Gardner Michael Pollan Michael Porter Temple Grandin Timothy Leary
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. Robert C. Solomon
Balance Will Become Deficit Overall Currency Center Payments Euro Reserve
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. Robert C. Solomon
Today Balance Back Deficits Those More Had Countries Days Were Reflected Than Sixties Movements Much Fifties Payment Reserves Among
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. Robert C. Solomon
People Some People Add Prestige Some About Seems Area Talked Becoming Role Currency Euro Europe International Reserve Desirability
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. Robert C. Solomon
Few Those Eastern Would Eastern Europe Some Mainly Clearly Countries Close Africa Hold Automatically Europe
If a currency is to become a growing, an increasing reserve currency, there has to be not only a demand for it there has to be a supply of it. Robert C. Solomon
Become Increasing Only Supply Demand Currency Reserve Growing
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. Robert C. Solomon
World Has-Been See About Somehow Talk Dollar Been American Just Being Hegemony Use Europe Connection Based
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. Robert C. Solomon
Financial Important States More Between Major Go Private Very Quickly Than Just Transactions Difference Banks Much Europe Now United United States
In the United States, securities markets are much more developed than they are in Europe. Robert C. Solomon
States Markets Securities More Developed Than Much Europe United United States
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. Robert C. Solomon
Deficits Tries Countries Budget Budget Deficits Limit Stability Size Which Pact Agreed Among Eleven Growth

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