- Love
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- Nov 07, 2020
Robert C Solomon Quotes
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- Last Updated on May 30, 2021
- Question
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- Nov 07, 2020
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.
- Chances
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- Nov 07, 2020
Chances are the movements of the euro as against the dollar will be relatively moderate.
- Other
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- Nov 07, 2020
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.
- Balance
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- Nov 07, 2020
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.
- Europe
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- Nov 07, 2020
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.
- Europe
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- Nov 07, 2020
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.
- Currency
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- Nov 07, 2020
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.
- Become
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- Nov 07, 2020
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.
- Being
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- Nov 07, 2020
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.
- Like
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- Nov 07, 2020
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.
- Go
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- Nov 07, 2020
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.
- More
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- Nov 07, 2020
In the United States, securities markets are much more developed than they are in Europe.
- May
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- Nov 07, 2020