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Introduction of weather-derivative concepts: perspectives for Portugal

dc.contributor.authorGhiulnara, Alieva
dc.contributor.authorViegas, Cristina
dc.date.accessioned2015-01-12T15:01:26Z
dc.date.available2015-01-12T15:01:26Z
dc.date.issued2010
dc.description.abstractPurpose - The purpose of this paper is to present an overview of weather derivatives markets and to highlight the importance of the contributing factors for weather risk management such as weather sensitivity, weather forecast, and economic growth. In this paper, the prospective of using weather derivatives in Portugal and why Portugal should use such instruments as well as the potential of Portugal's enterprises are presented. Design/methodology/approach - This paper attempts to distinguish the reasons for the appearance of a weather derivatives market and the growth potential of the European weather market. Findings - Successful development of a Portuguese weather derivatives market will require three things. For the successful development of weather derivatives market, a legal and economic framework is needed, as well as the development of new weather products, training of qualified specialists for working with these instruments and attracting companies interested in hedging their profits. A combination of these factors will help growth and will accelerate the development of a weather derivatives market in Portugal. Originality/value - The paper identifies some conditions that could allow the progress of the weather derivatives market in Portugal.por
dc.identifier.doihttp://dx.doi.org/10.1108/15265941011012660
dc.identifier.issn1526-5943
dc.identifier.otherAUT: COL00247;
dc.identifier.urihttp://hdl.handle.net/10400.1/5705
dc.language.isoengpor
dc.peerreviewedyespor
dc.publisherEmeraldpor
dc.subjectRainfallpor
dc.subjectDerivative marketspor
dc.subjectHedgingpor
dc.subjectRisk managementpor
dc.subjectPortugalpor
dc.titleIntroduction of weather-derivative concepts: perspectives for Portugalpor
dc.typejournal article
dspace.entity.typePublication
oaire.citation.conferencePlaceBingley, Reino Unidopor
oaire.citation.endPage19por
oaire.citation.issue1por
oaire.citation.startPage9por
oaire.citation.titleThe Journal of Risk Financepor
oaire.citation.volume11por
person.familyNameViegas
person.givenNameCristina
person.identifier.ciencia-id471F-6E12-D698
person.identifier.orcid0000-0001-6234-9070
person.identifier.scopus-author-id55303481900
rcaap.rightsrestrictedAccesspor
rcaap.typearticlepor
relation.isAuthorOfPublicationa6709f88-dd75-44bb-8a99-fe01f5eaf023
relation.isAuthorOfPublication.latestForDiscoverya6709f88-dd75-44bb-8a99-fe01f5eaf023

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