The prices of all imports would rise if the dollar depreciates.
More Quotes from 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
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
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.
Robert C. Solomon
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
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.
Robert C. Solomon
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