Results 31 to 40 of about 198 (109)
Application of air derivative financial instruments in Lithuanian economy
Mokslas: Lietuvos Ateitis, 2020 The paper explores the concept of weather derivatives: what it is, what its features are, and in what areas they can be applied. It has been established that there can be several types of weather derivative instruments – options and swaps.
Ernesta Latvytė +1 more
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Spatially-Aggregated Temperature Derivatives: Agricultural Risk Management in China
International Journal of Financial Studies, 2016 In this paper, a new form of weather derivative contract, namely the climatic zone-based growth degree-day (GDD) contract, is introduced. The objective is to increase the risk management efficiency in the agricultural sector of China and to reduce the ...
Lu Zong, Manuela Ender
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Rainfall derivatives as a risk management tool for grain producers: daily model vs. index model
Acta Scientiarum Polonorum. Formatio Circumiectus, 2020 Aim of the study: The first weather derivatives appeared in 1996. Soon later such instruments began to be traded on the CME (Chicago Mercantile Exchange).
Ewa Broszkiewicz-Suwaj, Leszek Kuchar
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Energies, 2023 Since the future output of wind power generation is uncertain due to weather conditions, there is an increasing need to manage the risks associated with wind power businesses, which have been increasingly implemented in recent years.
Takuji Matsumoto, Yuji Yamada
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Analysis of legal and economic aspects of precipitation weather derivatives for Serbian agricultural sector [PDF]
Ekonomika Poljoprivrede (1979), 2014 Weather derivatives are not present in Serbia nor in the neighbouring countries and have no significant application in the European Union, either. Weather derivatives originated in the USA, where the market for these instruments is most developed, in ...
Veselinović Janko +2 more
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Modelling Environment Changes for Pricing Weather Derivatives
Scientific Annals of Economics and Business, 2017 This paper focuses on modelling environment changes in a way that allows to price weather derivatives in a flexible and efficient way. Applications and importance of climate and weather contracts extends beyond financial markets and hedging as they can ...
Kabaivanov Stanimir, Markovska Veneta
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A Stochastic Harmonic Oscillator Temperature Model for the Valuation of Weather Derivatives
Mathematics, 2021 Stochastic processes are employed in this paper to capture the evolution of daily mean temperatures, with the goal of pricing temperature-based weather options.
Alessio Giorgini +2 more
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Weather Risk Management In The Agricultural Sector Of Poland And In The World
Comparative Economic Research, 2015 Farming is an activity which is heavily exposed to risk. Farmers have to deal daily with the change of weather, crops, and prices, resulting not only in fluctuations in income, but also in the need to incur emergency expenses.
Dorota Michalak
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Temperature models for pricing weather derivatives [PDF]
Quantitative Finance, 2010 We present four models for predicting temperatures that can be used for pricing weather derivatives. Three of the models have been suggested in previous literature, and we propose another model which uses splines to remove trend and seasonality effects from temperature time series in a flexible way.
Schiller, Frank +2 more
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Pricing Weather Derivatives [PDF]
The Journal of Risk Finance, 2000 This article briefly reviews the background of weather derivatives. The primary goal is to develop a pricing scheme that accommodates and reflects their unique characteristics. Because the underlying indexes of weather derivatives are not traded, a no‐arbitrage model cannot be directly applied for the purpose of pricing.
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