Effectiveness of weather derivatives as a hedge against the weather risk in agriculture

被引：11
|
作者：
Stulec, Ivana [1 ]
Petljak, Kristina [1 ]
Bakovic, Tomislav [1 ]
机构：
[1] Univ Zagreb, Fac Econ & Business, JF Kennedy Sq 6, Zagreb 10000, Croatia
来源：
AGRICULTURAL ECONOMICS-ZEMEDELSKA EKONOMIKA | 2016年 / 62卷 / 08期
关键词：
agriculture; hedging effectiveness; non-catastrophic weather risk; weather derivatives;
D O I：
10.17221/188/2015-AGRICECON
中图分类号：
F3 [农业经济];
学科分类号：
0202 ; 020205 ; 1203 ;
摘要：
Weather affects the economies worldwide and all economic sectors are to some extent weather sensitive. Agriculture is traditionally highly weather sensitive. While the catastrophic impact of weather has been long recognized, studied and managed the non-catastrophic weather risk gains in importance as the climate change becomes more pronounced. Weather derivatives provide a flexible management solution for the non-catastrophic weather risk. The paper presents weather derivatives as a new weather risk management tool and reviews and discusses the effectiveness of their application in agriculture.
引用
收藏
页码：356 / 362
页数：7
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