John Hull Quotes

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

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

Trade balances are determined by national savings propensities, not exchange rates.

In reality, while currency movements can have a significant impact on inflation in other countries, dollar movements have rarely had a meaningful or durable impact on prices in the U.S.

First, I think the science of monetary economics has clearly gotten better.

In short, both experience and economic theory imply that the US could now t to a more competitive dollar without experiencing either increased inflation or decreased economic growth.

If inflation-adjusted interest rates decline in a given country, its currency is likely to decline.

Economic science concerns itself primarily with theoretical and empirical generalizations about the behavior of individuals, institutions, markets, and national economies. Most academic research falls in this category.

In my early days, I wrote my dissertation for MIT at the London School of Economics, really under James Meade, but my dissertation was five chapters on the theory of capital movement, but it didn't mention money.

I'm a strong-and-stable-dollar advocate, and the Fed has been moving dangerously away from that mission.

I understand that the rupee is fairly market determined.

When financial sectors are small and capital is mobile, floating exchange rates spell massive currency volatility. When a lot of foreign capital flows in, a freely floating exchange rate rises sharply, wreaking havoc for domestic banks and exporters alike.

I will maintain the position that, long-term, a strong and dependable dollar is in the best interests of the United States while recognizing that, at times over the long-term, that may not be the case.

Exchange rate understandings are of little use on their own.

With interest rates rising, gold doesn't pay an interest rate, but every other currency - it becomes not only less important to hold gold as an alternative, but more expensive to hold it as an insurance policy and so that will be a burden on the price of gold.

But because we in the United States finance our current account deficit by borrowing in our own currency, we can move to a more competitive dollar without the adverse effects that followed currency declines in other countries.

If global oil prices or commodity prices are high, then it is bound to create inflation. So, we should not be too worried if the inflation is created by global commodity prices. When they come down, inflation will automatically come down.

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.

Monetary policy itself cannot sensibly be directed at reducing imbalances.

A good monetary policy follows inflationary expectations and not historical numbers.

China needs a currency that reflects underlying economic fundamentals.

Interest rates are used to achieve overall economic stability.

Inflation is lower and more stable and the real business cycle fluctuations are more modest.

There are limits to monetary policy.

My interest in economics has always been in the whole corpus of economic theory, the interrelationships between the various fields of theory and their relevance for the formulation of economic policy.