Evan Davis Quotes

The more competitive value of the dollar turned around the trade deficit.

What I worry about is not just Nissan, but Japanese manufacturers losing motivation to maintain production in Japan. The high yen is definitely a headwind.

All Nations endeavor to get the [foreign] Exchange as much as they can on their side.

Every dollar a foreigner spends over here directly subtracts a dollar from the trade deficit.

Having a proper understanding of countries' external positions - current accounts, stock positions, and currencies - is critical to highlight policymakers' shared responsibility to tackle external imbalances before they become too risky.

A stronger dollar increases U.S. dollar purchasing power.

To finance this trade deficit, the U.S. has to borrow from the rest of the world or sell American assets like stocks, businesses, and real estate to the rest of the world.

The uncontrolled increase of the euro rate vis-a-vis the dollar threatens employment growth in the euro area.

My theme this evening is that America needs a competitive dollar.

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

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

We need the Chinese to - you know, spend more, save less - consume more and not be so focused on exports. There are big changes we need in the world.

Once you run current-account deficits, you depend on the kindness of strangers. This might be the beginning of the end of the American empire.

Leaders often associate strong currencies with national strength and thus view declining currencies as insults to their prowess.

If raising or allaying [revaluing or devaluing] the Money could add to its Value, or have any good Effect on Home or Foreign Trade; Then no Nation would want Money [from that nation.]

It does not mean of course that the pound here in Britain in your pocket has been devalued .

A stable currency and an excessive external debt are incompatible. A similar relation holds as between a country's currency and an excessive internal debt

Sometimes, if a country's currency is overvalued in real terms, and it looks like the current account is going to be in deficit for the foreseeable future, devaluation can make sense.

The euro is a potent tool used by Germany to engage in permanent monetary dumping.

A strong dollar reflects a strong country and a strong economy, and we need to make sure that we get the - stop the practice of devaluing the dollar.

If the Chinese economy can be opened so that currencies are convertible, Chinese tourists can take money and go see the world. Chinese businessmen can go and buy property in the U.S. and France and every place. All of a sudden, it's just going to be a blossoming global economy. I think it's going to be good for everybody.

As long as the dollar remains in high esteem as a trade currency, America can continue to spend more than it earns. But when the day arrives - as it certainly must - when the dollar tumbles and foreigners no longer want it, the free ride will be over.

China got the local currency, the yuan which is appreciating against the dollar which means that all these Chinese people have more purchasing power. And they're willing now to spend some money after saving, you know they provided America with savings for years. Now they're going to spend some money. So this means that they are willing to allow the dollar to weaken because it means that their currency, the yuan goes up, so they're actually in a winning situation.

The prevailing view is that the easy way to stimulate economic growth is to have a low currency.

Well, I make a practice of not commenting on the role of the relative exchange value of our currency.