|Title:||How to prevent economic crisis in time of disaster: consumer insurance bonds
|Abstract:||In time of disasters consumers tend to spend less money on leisure, luxury and long lasting goods. This often leads to further market deterioration. In order to treat this problem, we propose a new insurance system, which provides support of economic branches in crisis by their customers. It creates a possibility of moving money fast from areas of excess to areas of shortage, blocking the crisis in early stage, before the waves of instability spread over the entire economy. This instrument can greatly stabilize the economy in whole and reduce its vulnerability to disasters and sharp changes in the external world.|
|Copyright||The above paper is copyright by the Technion, Author(s), or others. Please contact the author(s) for more information|
Remark: Any link to this technical report should be to this page (http://www.cs.technion.ac.il/users/wwwb/cgi-bin/tr-info.cgi/2009/CS/CS-2009-18), rather than to the URL of the PDF files directly. The latter URLs may change without notice.
To the list of the CS technical reports of 2009
To the main CS technical reports page
Computer science department, Technion