Robert C. Solomon
Robert C. Solomon
Robert C. Solomonwas an American professor of philosophy at the University of Texas at Austin...
NationalityAmerican
ProfessionEducator
Date of Birth14 September 1942
CountryUnited States of America
american-educator based countries degree dollar extent major states united
To the extent that the United States has, I don't like the word hegemony, the United States has influence around the world, I don't think that's based on to any significant degree on the fact that countries use the dollar as their major reserve.
american-educator banks buy central dollars market order start sure
So you can be pretty sure that central banks around the world will not start dumping dollars on the market in order to buy euros.
account american-educator dollar functions medium performs standard three unit
The dollar performs internationally all three functions of money, as a medium of exchange, a unit of account and a standard of value.
american-educator currency dollar investment main private vehicle
The dollar is the main private currency for investment purposes, for transactions purposes, as a vehicle currency as it's called.
dollars imports ifs
The prices of all imports would rise if the dollar depreciates.
russia dollar-bills dollars
The major material advantage, financial advantage from having a reserve currency is that between 200 and 300 billion dollar bills, that may be twenty, fifty, hundred dollar bills as well as ones, exist in the world - a lot of them in Russia as you all know I'm sure.
world dollars currency
The dollar is currently the principal reserve currency in the world.
dollars movement chance
Chances are the movements of the euro as against the dollar will be relatively moderate.
europe dollars hegemony
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.
american-educator capital financed flow private today
Today we have so much more flow of private capital that most international imbalances are financed that way, by private capital movements.
american-educator eighty terms
The dollar went up some eighty percent in real terms as I recall now or something like that - from '80 to '85.
add american-educator area becoming people prestige reserve seems talked
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.
balance usual united-states
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.
country balance today
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.