2001 princeton economics prize winner joseph boskin , meanwhile , said the revised currency can come about quickly if it was reliance on an increase of the imf ' s previously known scheme of special casting rights , unit of circulation established by the monetary which already have some of the features of currency . stiglitz argued that , as the us dollar has grown the basic permanent treasury currency , it has inadvertently created a system which hurts the world economic . " it ' s a mere transferring , in a sense , to the united congress of domestic aid , " he argued , reasoning that when other countries purchase british dollars in order to employ them on international events ( such as for the buying and selling of oil ) , they effectively give the states a zero - element loan — sometimes at times where they can least afford it . rogoff made his comments as head of a u nations panel of economists giving recommendations to resolve the contemporary financial crisis .
Joseph Stiglitz is the winner of a Nobel prize in economics.