Financial Integration Quotes

This is the thing that I think we're all learning from the Chinese: that this merging of messaging, media, and payments together really makes sense to people.

As economic globalization gathers momentum, China and the United States have become highly interdependent economically. Such economic relations would not enjoy sustained, rapid growth if they were not based on mutual benefit or if they failed to deliver great benefits to the United States.

Countries themselves need to do everything possible to remain in the euro zone.

A global economy is characterized not only by the free movement of goods and services but, more important, by the free movement of ideas and of capital.

Financial "synergy" is a will-o'-the-wisp.It looks good on paper, but it fails to work out in practice.

Nations with a common currency never went to war against each other. A common currency is more than the money you pay with.

What I am objecting to is linking bitcoin and other cryptocurrencies by federal regulations to the real economy, which would happen if we were to clear bitcoin along with other products in the same trading house.

Borders are semiporous. Capital flows more freely than people across them. on C Span.

The Eurozone allows for the largely unimpeded movement of people, goods, services, and capital across borders. It has also resulted in unprecedented cooperation on crime, security, and finance among its members.

We saw for a time that digital currencies were radioactive to banks, but that's not the case anymore.

The need to promote the adoption of a global currency as a vital element in the integration of the global economy is self-evident.

This much is true: When we created the euro, it wasn't possible to create a political union along with it. People weren't ready for that. But since then, they've grown more willing to go in that direction. It's a process, one that is sometimes laborious and sometimes slow. But it's important to keep the populations involved.

You can't have euro bonds without more interconnection among the national budget policies.

Part of the concept of the euro zone was to establish a common market. The banks were going to bank across all their countries like we bank across states. But that concept got killed for a whole bunch of reasons that I won't get into. That was a good concept, by the way. It may yet return, because there are huge economies of scale in banking. That's another thing people don't quite get.

Chancellor Angela Merkel and Wolfgang Schaeuble, her finance minister, are right to oppose fiscal and bank unions without political union.

The globalization of the capital market is actually part of economic globalization. This will create a change in the entire world economy, not just restricted to some fields in some countries.

Integration is the most important asset Europe has, and the key component to European integration is the euro.

Ultimately there is no dividing line between Main Street and Wall Street. We will rise or we will fall together as one nation.

Europe has to be about more than market, goods, and money.

Monetary relations have penetrated into every nook and cranny of the world and into almost every aspect of social, even private life.

I'm a firm believer in the monetary union.

The benefits from a world currency would be enormous.

Wall Street has become the Western extension of Threadneedle and Lombard streets, and the wealthy classes of England and America have been brought into touch... .

You don't realize how much you use your credit card not even to buy things. It's a card you get so you can navigate society.

I am for a close global association in trade and financial matters, rather than the opposite possibility of excessive nationalism, as manifested in the two world wars.