TEPLOTNÉ DERIVÁTY CHARAKTERU OPCIÍ AKO NÁSTROJE NA ELIMINÁCIU DÔSLEDKOV POVETERNOSTNÉHO RIZIKA

• Autorzy: Tumpach Miloš , Juhászová Zuzana

Warianty tytułu

EN

Option-based temperature derivatives as instruments for elimination of weather risk impact

• Języki publikacji: SK

Abstrakty

EN

The derivative instruments are widely accepted tools in hedging against the market risks. However, they can be used for elimination of impacts of the non-market risks as well. Weather derivatives, like other Arrow-Debreu instruments (Jaimungal, 2004) provide specific payouts in the case of occurrence of the weather risk events (e.g. temperature and precipitations). Dissimilarity of such risks even in very close areas and inability to settle them directly by delivery of underlying, makes the effective application of such derivatives dependent both on of the analytical model and on availability of the relevant empirical data as well. This paper is focused on certain issues in application of option-based temperature derivatives.

Słowa kluczowe

EN

FINANCIAL INSTRUMENTS; MARKET RISKS; RISK MANAGEMENT; WEATHER DERIVATIVES

• Wydawca: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Czasopismo: Ekonomický časopis (Journal of Economics)
• Rocznik: 2007
• Tom: 55
• Numer: 2
• Strony: 125-144
• Rodzaj publikacji: ARTICLE

Twórcy

autor

Tumpach Miloš

• Ekonomická univerzita v Bratislave, Fakulta hospodárskej informatiky, Katedra účtovníctva, Dolnozemská cesta 1, 852 35 Bratislava, Slovak Republic,

autor

Juhászová Zuzana,

• M. Tumpach, Ekonomicky ustav SAV, Sancova 56, 811 05 Bratislava 1, Slovak Republic

Identyfikatory

CEJSH db identifier

07SKAAAA02465120