Introduction -- Africa in the making of an IOW global economy -- Indian Ocean Africa in the first great upswing in the Indian Ocean World global economy, 300 BCE to 300 CE -- Economic instability, ca. 300 to 900 CE -- The second great boom in the IOW global economy ca. 850 to 1250 and its impact...

Weather derivatives (WD) are different from most financial derivatives because the underlying weather cannot be traded and therefore cannot be replicated by other financial instruments. The market price of risk (MPR) is an important parameter of the associated equivalent martingale measures used...