2001 nobel peace prize winner peter stiglitz , meanwhile , said the new bank could come about swiftly if it was relies on an enhancement of the imf ' s long established system of specific draws right , units of exchange used by the imf will currently have some of the features of currency . stiglitz claimed that , as the usa dollars has gained the official global dollar commodity , it has intentionally created a systems what hurts the world economically . " it ' s a real transfer , in a sense , to the united states of american assistance , " he argued , stating that when other countries purchase us cents in order to obtain them on international projects ( such as for the buying and selling of petrol ) , they effectively give the nation a zero - charge credit — except at moments when they can least afford it . rogoff made his argument as chair of a united nations panel of economists giving recommendations to address the global financial crisis .
Joseph Stiglitz is the winner of a Nobel prize in economics.