Weather influences our daily lives and choices and has an enormous impact on cooperate revenues and earnings. Weather … derivatives differ from most derivatives in that the underlying weather cannot be traded and their market is relatively illiquid …. The weather derivative market is therefore incomplete. This paper implements a pricing methodology for weather derivatives …

It is an undisputed fact that weather risk increases over time due to climate change. However, qualification of this … statement with regard to the type of weather risk and geographical location is needed. We investigate the application of novel … statistical tools for assessing changes in weather risk over time. We apply local t-test, change point tests and Mann-Kendall test …

Weather influences our daily lives and choices and has an enormous impact on cooperate revenues and earnings. Weather … derivatives differ from most derivatives in that the underlying weather cannot be traded and their market is relatively illiquid …. The weather derivative market is therefore incomplete. This paper implements a pricing methodology for weather derivatives …

Weather derivatives (WD) are different from most financial derivatives because the underlying weather cannot be traded … parameter of the associated equivalent martingale measures used to price and hedge weather futures/options in the market. The … weather derivative market does not exist. The findings support theoretical results of reverse relation between MPR and …

Forecasting based pricing of Weather Derivatives (WDs) is a new approach in valuation of contingent claims on … nontradable underlyings. Standard techniques are based on historical weather data. Forward-looking information such as … each location) that allows the incorporation of meteorological forecasts in the framework of WD pricing. We study weather …

accurate fitting procedure of localised temperature risk process by achieving excellent normal risk factors. -- Weather …

Due to dependency of energy demand on temperature, weather derivatives enable the effective hedging of temperature … related fluctuations. However, temperature varies in space and time and therefore the contingent weather derivatives also vary … example of Leipzig. -- risk premium ; weather derivatives ; Ornstein-Uhlenbeck process ; functional principal components …

of the RMB could be justified by the drop in China's relative price, which is indicated by economic theory. Moreover … of the world oil price, while the oil imports of the other major countries (especially the largest oil import country US …) in the world steadily decline or remain stable, China's oil imports, in contrast, have kept rising steeply since the year …