On private transactions, I'll just go very quickly now, a major difference between the United States and Euroland is that in Europe banks are much more important in financial transactions than in the United States.
More Quotes from Robert C. Solomon:
Chances are the movements of the euro as against the dollar will be relatively moderate.Robert C. Solomon
The prices of all imports would rise if the dollar depreciates.
Robert C. Solomon
Today we have so much more flow of private capital that most international imbalances are financed that way, by private capital movements.
Robert C. Solomon
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
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
If a currency is to become a growing, an increasing reserve currency, there has to be not only a demand for it there has to be a supply of it.
Robert C. Solomon
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Based on Topics: Finance QuotesBased on Keywords: euroland, transactions
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