Weather Derivatives - Modeling and Pricing Weather-Related Risk (Paperback, 2013 ed.)

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.

General

Imprint:	Springer-Verlag New York
Country of origin:	United States
Release date:	December 2014
First published:	2013
Authors:	Antonis Alexandridis K • Achilleas D. Zapranis
Dimensions:	235 x 155 x 20mm (L x W x T)
Format:	Paperback
Pages:	300
Edition:	2013 ed.
ISBN-13:	978-1-4899-8534-7
Categories:	Books > Science & Mathematics > Mathematics > Probability & statistics Books > Business & Economics > Finance & accounting > Finance > General Books > Earth & environment > The environment > Applied ecology > General Books > Money & Finance > General Promotions
LSN:	1-4899-8534-4
Barcode:	9781489985347

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