Robert C. Solomon Quotes

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.

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.

The dollar is currently the principal reserve currency in the world.

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.

You've had an extremely weak euro on the foreign exchange markets, you've had a very dubious policy being followed.

But I would bet that the euro continues to exist and that its importance as a global currency will likely increase.

… international confidence is the foundation stone of international credit, and international credit is essential to international trade.

Those who claim that to leave the E.U. would damage the City are the very same as those who in the past confidently predicted, with a classic failure of understanding, that the City would be gravely damaged if the U.K. failed to adopt the euro as its currency.

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

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.

Hegemony of the dollar.

There are a few things that people all around the world need to admit to themselves. Trade restraints slow economic growth, the euro is not a reserve currency, and scoreless sports ties are boring.

The most important thing that most countries around the world believe in is letting the markets determine the currency.

I can't blame Angela Merkel for saying she wants a strong euro.

A global economy requires a global currency.

The whole idea of having a free trade area when you have gyrating exchange rates doesn't make sense at all. It just spoils the effect of any kind of free trade agreement.

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.

I think bolstering free trade is a boon to the dollar.

The euro is a vital issue for Germany. There is no other country that derives as much benefit from the common domestic market and the monetary union as Germany.

There's a lot of companies that profit from a weak dollar.

Turkey does not have an official exchange rate target.

The United States dollar took another pounding on German, French and British exchanges this morning, hitting the lowest point ever known in West Germany.

Our eurozone partners have made it clear: The choice is between staying in or getting out of the eurozone.

I think that the tying of the Montenegrin economy with the euro is a much better option than the adventure of printing our own currency.

Our dollar is now altogether too greatly influenced by the accidents of international trade, by the internal policies of other nations and by political disturbance in other continents. Therefore the United States must take firmly in its own hands the control of the gold value of our dollar. This is necessary in order to prevent dollar disturbances from swinging us away from our ultimate goal.