Robert C. Solomon

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

— Robert C. Solomon

#dollar #imports #prices #rise #would

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. ↗

— Robert C. Solomon

#add #area #becoming #currency #desirability

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. ↗

— Robert C. Solomon

#accounts #balance #current #deficit #items

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. ↗

— Robert C. Solomon

#american #based #been #being #connection

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. ↗

— Robert C. Solomon

#central #central bank #course #established #european

There's a stability and growth pact which was agreed for the eleven countries which tries to limit the size of budget deficits among the eleven countries. ↗

— Robert C. Solomon

#among #budget #budget deficits #countries #deficits