Phrase by 'Robert C. Solomon'
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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.
Author: Robert C. Solomon - American EducatorSome , Africa , Hold , 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.
Author: Robert C. Solomon - American EducatorOnly , Become , Growing , Demand
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.
Author: Robert C. Solomon - American EducatorSee , World , American , Talk
The prices of all imports would rise if the dollar depreciates.
Author: Robert C. Solomon - American EducatorDollar , Rise , Prices , Imports
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.
Author: Robert C. Solomon - American EducatorMore , Go , Important , Financial
In the United States, securities markets are much more developed than they are in Europe.
Author: Robert C. Solomon - American EducatorMore , Than , United States , Europe
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.
Author: Robert C. Solomon - American EducatorYou , Know , World , Financial
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.
Author: Robert C. Solomon - American EducatorLimit , Growth , Budget , Size
The dollar went up some eighty percent in real terms as I recall now or something like that - from '80 to '85.
Author: Robert C. Solomon - American EducatorSomething , Like , Some , Real
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