Several Aspects Regarding Weather and Weather Derivatives

Gheorghe Hurduzeu () and Laura Gabriela Constantin ()
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Gheorghe Hurduzeu: Bucharest University of Economics, Romania
Laura Gabriela Constantin: Bucharest University of Economics, Romania

Romanian Economic Journal, 2008, vol. 11, issue 27, pages 187-202

Abstract: In recent years, one of the factors that had a significant impact on the economic development was represented by climatic change. At international level, the weather risk management stands for a priority for Governments, insurance companies and companies within the industries affected by the weather variability. Within this article, we try to address a more suitable approach than the insurance policies on the matter of weather risk management by presenting an innovative alternative risk management solution represented by weather derivatives. Furthermore, we focus upon an important economic sector - the agriculture by emphasizing the specific aspects with regard to the employment of weather derivatives.

Keywords: weather derivatives; natural hazards; economic development (search for similar items in EconPapers)
JEL-codes: G10 G14 G15 G22 (search for similar items in EconPapers)
Date: 2008

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Persistent link: http://EconPapers.repec.org/RePEc:rej:journl:v:11:y:2008:i:27:p:187-202

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