“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.”
Author details
Related authors
Other Robert C. Solomon Quotes
So if the euro, if Euroland is to become a reserve center, if the euro is to become a reserve currency, Euroland will have to have a deficit in its overall balance of payments.
Robert C. Solomon 
61% of people like this quote
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
61% of people like this quote
The dollar went up some eighty percent in real terms as I recall now or something like that - from '80 to '85.
Robert C. Solomon
60% of people like this quote
In the United States, securities markets are much more developed than they are in Europe.
Robert C. Solomon
53% of people like this quote