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Robert C. Solomon Quotes


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Quotes by Robert C. Solomon

Showing 11-19 of 19 Quotes by 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

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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.

~Robert C. Solomon

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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.

~Robert C. Solomon

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The prices of all imports would rise if the dollar depreciates.

~Robert C. Solomon

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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.

~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

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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.

~Robert C. Solomon

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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

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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

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Biography

Nationality: American

Type: Educator

Born: September 14th, 1942

Died: January 2nd, 2007

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