2001 golden economics prize winner thomas deiss , subsequently , argued the revised bank could come about quick if it was derived on an improvement of the loans ' s previously established system of general drawn rights , units of unit created by the imf who already have some of the aspects of finance . cea argued that , as the us dollar has become the standard global deposit currency , it has inadvertently created a system or damages the world economy . " it ' s a net gift , in a sense , to the united states of monetary aid , " he argued , noting that when other countries purchases their dollars in orders to use them on global markets ( such as for the buying and sellers of petroleum ) , they would give the economy a zero - effort bond — sometimes at least when they can least afford it . stiglitz made his comments as director of a developing nations panel of intellectuals gave recommendations to resolve the great banking crisis .
Joseph Stiglitz is the winner of a Nobel prize in economics.