Overview
- Authors:
-
-
Antonis Alexandridis K.
-
Thessaloniki, Greece
-
Achilleas D. Zapranis
-
Thessaloniki, Greece
First book to examine the advantages and disadvantages of existing modeling and pricing methodologies associated with weather derivatives
Presents state-of-the-art tools and strategies for studying weather variables
Links weather variables to the weather market in the context of weather risk management?
Access this book
Other ways to access
Table of contents (10 chapters)
-
-
- Antonis K. Alexandridis, Achilleas D. Zapranis
Pages 1-20
-
- Antonis K. Alexandridis, Achilleas D. Zapranis
Pages 21-35
-
- Antonis K. Alexandridis, Achilleas D. Zapranis
Pages 37-54
-
- Antonis K. Alexandridis, Achilleas D. Zapranis
Pages 55-85
-
- Antonis K. Alexandridis, Achilleas D. Zapranis
Pages 87-164
-
- Antonis K. Alexandridis, Achilleas D. Zapranis
Pages 165-190
-
- Antonis K. Alexandridis, Achilleas D. Zapranis
Pages 191-201
-
- Antonis K. Alexandridis, Achilleas D. Zapranis
Pages 203-215
-
- Antonis K. Alexandridis, Achilleas D. Zapranis
Pages 217-239
-
- Antonis K. Alexandridis, Achilleas D. Zapranis
Pages 241-270
-
Back Matter
Pages 271-300
About this book
​Weather derivatives are financial instruments that can be used by organizations or individuals as part of a risk management strategy to minimize risk associated with adverse or unexpected weather conditions. Just as traditional contingent claims, a weather derivative has an underlying measure, such as: rainfall, wind, snow or temperature. Nearly $1 trillion of the U.S. economy is directly exposed to weather-related risk. More precisely, almost 30% of the U.S. economy and 70% of U.S. companies are affected by weather. The purpose of this monograph is to conduct an in-depth analysis of financial products that are traded in the weather market. Presenting a pricing and modeling approach for weather derivatives written on various underlying weather variables will help students, researchers, and industry professionals accurately price weather derivatives, and will provide strategies for effectively hedging against weather-related risk. This book will link the mathematical aspects of the modeling procedure of weather variables to the financial markets and the pricing of weather derivatives. Very little has been published in the area of weather risk, and this volume will appeal to graduate-level students and researchers studying financial mathematics, risk management, or energy finance, in addition to investors and professionals within the financial services industry. ​