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Robert C. Solomon


American
September 14, 1942
Educator
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The dollar is currently the principal reserve currency in the world.


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


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


Robert C. Solomon
Tags: More Than Much
The dollar went up some eighty percent in real terms as I recall now or something like that - from '80 to '85.
Robert C. Solomon
Tags: Like Up Something
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
There is a European Central Bank, of course, established and it has the structure similar to the Federal Reserve system, not precisely the same but similar.
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.
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.
Robert C. Solomon
Tags: About Just Been
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.
Robert C. Solomon
Tags: Been Will Well
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
Tags: More Had Than