Sun, Lin; Turvey, Calum G.; Jarrow, Robert A. - In: Agricultural Finance Review 75 (2015) 1, pp. 47-62
applied to multiple trigger drought risks in Kenya. Design/methodology/approach – The valuation model is designed around the … using Monte Carlo methods. Data input was synthesized from historical rainfall data in Kenya’s Moyale region as well as … economies. Originality/value – This paper examines CAT bonds to investigate multi-trigger rainfall risks in Kenya. The paper …