Der vorliegende Beitrag geht an Hand verschiedener Indikatoren der Frage nach, ob sich von der finanziellen Seite her die wirtschaftlichen Risiken bei westdeutschen Unternehmen vergroBert haben. Die Untersuchung stutzt sich auf eine Sonderauswertung der Bilanzstatistik der Deutschen Bundesbank...

The prevalence of non-monetary transactions (NMT) in the Ukrainian economyis a phenomenon attributable to its transition to a market system. Major types ofNMT are barter transactions, offsets and payment in kind. Non-monetary transactionsare widespread in agriculture.The aim of this research is...

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The risks associated with farming activities are likely to increase in the future. It, therefore, appears worthwhile to analyse new risk management instruments. This paper investigates weather derivatives for which a market has already emerged in the USA. Contrary to traditional financial...

The importance of weather as a production factor in agriculture is well established long time and a significant portion of yield fluctuations is caused by weather risks. Traditionally, farmers have tried to hedge against unfavorable weather using insurance, such as crop insurance. In recent...

Since the mid-nineties, agricultural economists discuss the suitability of “weather derivatives” as hedging instruments for volumetric risks in agriculture. Contrary to traditional insurance contracts, the payoffs of such derivatives are linked to weather indices (e.g. accumulated rainfall...