On Weather Derivatives and Temperature Swapping in Japan

Atsushi Takao
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Atsushi Takao: Graduate School of Business Administration, Kobe University

No 2007-03, Discussion Papers from Kobe University, Graduate School of Business Administration

Abstract: Until recently, the meteorological disturbances to the management of economic entities had to be simply accepted; however, several financial tools have been developed, with which we can cancel out the adverse influence of meteorological events. This paper will intend to examine 2 types of tools, weather derivatives and temperature swapping, which have been shown to work in Japan.

Keywords: inancial engineering; catastrophe risk; HDD(heating degree days); CDD(cooling degree days) (search for similar items in EconPapers)
Pages: 5 pages
Date: 2007-01, Revised 2006-02
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https://www.b.kobe-u.ac.jp/papers_files/2007_03.pdf Revised version, 2007 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:kbb:dpaper:2007-03

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