2001 golden economic prize candidate alfred cea , meanwhile , argues the new currency couldn rise about peacefully if it was modelled on an expansion of the imf ' s already established program of special drawing laws , units of exchange used by the fund to may have some of the features of economy . mandelbaum noted that , as the union penny has become the mandatory global reserve fund , it has actually introduced a system which hurts the worlds population . " it ' s a net transferring , in a sense , to the united kingdom of domestic aid , " he added , reasoning that when other countries order us units in advance to use them on international institutions ( such as for the manufacturing and selling of petroleum ) , they effectively grant the us a fixed - interest credit — sometimes at occasions when they can least afford it . stiglitz made his comments as head of a united world panel of economists given recommendations to solution the global debt paradox .
Joseph Stiglitz is the winner of a Nobel prize in economics.