| 来源类型 | FEEM working papers "Note di lavoro" series
|
| 规范类型 | 论文
|
| Global Warming and Financial Umbrellas |
| Michele Moretto; Cesare Dosi
|
| 发表日期 | 2001
|
| 出处 | Climate Change and Sustainable Development
|
| 出版年 | 2001
|
| 语种 | 英语
|
| 摘要 | A new instrument for hedging weather risks has made its appearance in the financial arena. Trade in 'weather derivatives' has taken off in the US, and interest is growing elsewhere. Whilst such contracts may be simply interpreted as a new tool for solving a historical problem, the question addressed in this paper is if, besides other factors, the appearance of weather derivatives is somehow related to anthropogenic climate change. Our tentative answer is positive. Since 'global warming' does not simply mean an increase in averaged temperatures, but increased climate variability, and increased frequency and magnitude of weather extremes, derivative contracts may potentially become a useful tool for hedging some weather risks, insofar as they may provide coverage at a lower cost than standard insurance schemes. |
| 特色分类 | G10,Q20
|
| 关键词 | Global warming,climate variability,insurance coverage,weather derivatives
|
| URL | https://www.feem.it/en/publications/feem-working-papers-note-di-lavoro-series/global-warming-and-financial-umbrellas/
|
| 来源智库 | Fondazione Eni Enrico Mattei (Italy)
|
| 资源类型 | 智库出版物
|
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/116690
|
推荐引用方式
GB/T 7714 |
Michele Moretto,Cesare Dosi. Global Warming and Financial Umbrellas. 2001.
|
|
文件名：
|
NDL2001-087.pdf
|
|
格式：
|
Adobe PDF
|
除非特别说明，本系统中所有内容都受版权保护，并保留所有权利。
