Utilize este identificador para referenciar este registo: http://hdl.handle.net/10400.1/5705
Título: Introduction of weather-derivative concepts: perspectives for Portugal
Autor: Ghiulnara, Alieva
Viegas, Cristina
Palavras-chave: Rainfall
Derivative markets
Risk management
Data: 2010
Editora: Emerald
Resumo: Purpose - 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.
Peer review: yes
URI: http://hdl.handle.net/10400.1/5705
DOI: http://dx.doi.org/10.1108/15265941011012660
ISSN: 1526-5943
Aparece nas colecções:FEC2-Artigos (em revistas ou actas indexadas)

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