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Robert C. Solomon

The prices of all imports would rise if the dollar depreciates.

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The dollar is currently the principal reserve currency in the world.

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Chances are the movements of the euro as against the dollar will be relatively moderate.

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In the United States, securities markets are much more developed than they are in Europe.

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The dollar went up some eighty percent in real terms as I recall now or something like that - from '80 to '85.

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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.

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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.

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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.

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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.

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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.

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