Love can be understood only ‘from the inside,’ as a language can be understood only by someone who speaks it, as a world can be understood only by someone who lives in it. Robert C. Solomon Read Quote
Back in those days, in the fifties and sixties, countries had balance of payment’s deficits or surpluses, those were reflected much more than today in movements of reserves among countries. Robert C. Solomon Read Quote
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 Read Quote
Chances are the movements of the euro as against the dollar will be relatively moderate. Robert C. Solomon Read Quote
Another question has been raised rather widely in Europe, in Japan as well as in the United States is what, to what extent will the euro become a reserve currency. Robert C. Solomon Read Quote
In the United States, securities markets are much more developed than they are in Europe. Robert C. Solomon Read Quote
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 Read Quote
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 Read Quote