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Short term climate events such as the sea surface temperature anomaly known as El Niño are financial risk sources leading to incomplete markets. To make such risk tradable, we use a market model in which a climate index provides an extra investment option. Given one possible market price of...
Persistent link: https://www.econbiz.de/10010377711
Short term climate events such as the sea surface temperature anomaly known as El Niño are financial risk sources leading to incomplete markets. To make such risk tradable, we use a market model in which a climate index provides an extra investment option. Given one possible market price of...
Persistent link: https://www.econbiz.de/10010490707
Persistent link: https://www.econbiz.de/10002980772
Persistent link: https://www.econbiz.de/10003040050