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WEATHER INDEX- THE BASIS OF WEATHER DERIVATIVES [PDF]
Annals of the University of Oradea: Economic Science, 2011 This paper approaches the subject of Weather Derivatives, more exactly their basic element the weather index. The weather index has two forms, the Heating Degree Day (HDD) and the Cooling Degree Day (CDD). We will try to explain their origin, use and the
Botos Horia Mircea, Ciumas Cristina
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Weather derivatives and hedging the weather risks [PDF]
Agricultural Economics (AGRICECON), 2014 The article focuses on weather derivatives with the aim to present the substance of weather derivatives as relatively new financial products and to discuss their advantages and disadvantages when being used as a tool to diminish the loses coming from ...
Josef TAUŠER, Radek ČAJKA
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Pricing Weather Derivatives [PDF]
American Journal of Agricultural Economics, 2004 This paper presents a general method for pricing weather derivatives. Specification tests find that a temperature series for Fresno, California follows a mean-reverting Brownian motion process with discrete jumps and ARCH errors. Based on this process, we define an equilibrium pricing model for cooling degree day weather options.
Richards, Timothy J. +5 more
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, 2008 Wetter stellt für die Landwirtschaft einen Hauptunsicherheitsfaktor dar. Angesichts der Kli-maveränderung gilt es als wahrscheinlich, dass Wetterschwankungen und die Häufigkeit extremer Wetterereignisse in Zukunft zunehmen werden. Vor diesem Hintergrund spielt die Entwicklung von Wetterrisikomanagementinstrumenten eine wichtige Rolle zur Einkom ...
Barrieu, Pauline, Scaillet, Olivier
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Effectiveness of Weather Derivatives as a Risk Management Tool in Food Retail: The Case of Croatia
International Journal of Financial Studies, 2017 Non-catastrophic weather risk is gaining importance as climate change becomes more pronounced and economic crisis forces companies to strengthen their cost control. Recent literature proposes weather derivatives as flexible weather risk mitigating tools.
Ivana Štulec
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A Fair Pricing Approach to Weather Derivatives [PDF]
Asia-Pacific Financial Markets, 2004 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Eckhard Platen +2 more
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Weather derivatives: Business hedge instrument from weather risks [PDF]
Bankarstvo, 2014 In the late 1990s, a new financial market was developed - a market for weather derivatives, so that the risk managers could hedge their exposure to weather risk. After a rather slow start, the weather derivatives market had started to grow rapidly.
Đorđević Bojan S., Đorđević Mira
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Weather Forecasting for Weather Derivatives [PDF]
SSRN Electronic Journal, 2001 We take a simple time series approach to modeling and forecasting daily average temperature in U.S. cities, and we inquire systematically as to whether it may prove useful from the vantage point of participants in the weather derivatives market. The answer is, perhaps surprisingly, yes.
Campbell, Sean D., Diebold, Francis X.
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Weather swap as an instrument for weather risk management in wheat production [PDF]
Ratarstvo i Povrtarstvo, 2012 A special type of weather derivatives are weather forwards and they exists mostly in the form of weather swaps. Hedging effectiveness in wheat production with and without weather swap was analyzed in this paper using stochastic dominance.
Marković Todor +2 more
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Efficiency of Weather Derivatives as Primary Crop Insurance Instruments
Journal of Agricultural and Resource Economics, 2004 This study analyzes efficiency of weather derivatives as primary insurance instruments for six crop reporting districts that are among the largest producers of corn, cotton, and soybeans in the United States.
Dmitry V. Vedenov, Barry J. Barnett
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