64 Quotes by Robert C. Solomon
- Author Robert C. Solomon
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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.
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Love can be understood only "from the inside," as a language can be understood only by someone who speaks it, as a world can be understood only by someone who lives in it.
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Chances are the movements of the euro as against the dollar will be relatively moderate.
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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.
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The dollar is currently the principal reserve currency in the world.
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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.
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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.
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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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In the United States, securities markets are much more developed than they are in Europe.
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