WEATHER DERIVATIVES - ORIGIN, TYPES AND APPLICATION (Derywaty pogodowe - geneza, rodzaje oraz zastosowanie)

• Authors: Binkowski Piotr
• Languages of publication: PL

Abstracts

EN

The number of companies that are exposed to the revenues loss risk caused by weather variability is still increasing. The businesses that are mostly exposed to weather risk are following: energy, agriculture, constructions and transport. That situation has initiated dynamic growth of weather derivatives markets as well as the awareness of the weather risk among the market participants. Presently, the weather derivatives markets evaluate rapidly in all the mature economies: USA, Asia and Europe. Constructing weather derivatives relies on quantifying climate factors in the form of indexes, what is quite simple task, more difficultly can be gathering precise historical data of required climate factors. Taking into consideration so far development of derivatives n especially the financial derivatives based on different types of indexes n financial market has at disposal wide range of different types of proved derivatives (futures, forward, options, swaps), which can be successfully utilized on the weather-driven markets both for hedging weather risk and speculating.

Keywords

EN

LOSS RISK; MARKET; WEATHER

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Wyższa Szkoła Finansów i Zarządzania w Warszawie
• Journal: Contemporary Economics
• Year: 2008
• Issue: 1(5)
• Pages: 47-68
• Document type: ARTICLE

Contributors

author

Binkowski Piotr

• Piotr Binkowski, Akademia Finasow, ul. Modlinska 52, 03-199 Warszawa, Poland

Identifiers

CEJSH db identifier

11PLAAAA09244