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Modeling and pricing in financial markets for weather derivatives

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Modeling and pricing in financial markets for weather derivatives/ Fred Espen Benth, Jūrate Šaltytė Benth.
Author:	Benth, Fred Espen,
other author:	Saltyte Benth, Jurate.
Published:	Singapore ;World Scientific, : 2013.,
Description:	1 online resource (xi, 242 p.) :ill. :
Subject:	Weather derivatives. -
Online resource:	http://www.worldscientific.com/worldscibooks/10.1142/8457#t=toc
ISBN:	9789814401852 (electronic bk.)

Modeling and pricing in financial markets for weather derivatives
Benth, Fred Espen,1969-

Modeling and pricing in financial markets for weather derivatives[electronic resource] /Fred Espen Benth, Jūrate Šaltytė Benth. - Singapore ;World Scientific,2013. - 1 online resource (xi, 242 p.) :ill. - Advanced series on statistical science & applied probability ;vol. 17. - Advanced series on statistical science & applied probability ;v. 17..

Includes bibliographical references and index.

"Weather derivatives provide a tool for weather risk management, and the markets for these exotic financial products are gradually emerging in size and importance. This unique monograph presents a unified approach to the modeling and analysis of such weather derivatives, including financial contracts on temperature, wind and rain. Based on a deep statistical analysis of weather factors, sophisticated stochastic processes are introduced modeling the time and space dynamics. Applying ideas from the modern theory of mathematical finance, weather derivatives are priced, and questions of hedging analyzed. The treatise contains an in-depth analysis of typical weather contracts traded at the Chicago Mercantile Exchange (CME), including so-called CDD and HDD futures. The statistical analysis of weather variables is based on a large data set from Lithuania.The monograph includes the research done by the authors over the last decade on weather markets. Their work has gained considerable attention, and has been applied in many contexts"--Provided by publisher.

ISBN: 9789814401852 (electronic bk.)Subjects--Topical Terms:

686210
Weather derivatives.
Index Terms--Genre/Form:

554714
Electronic books.

LC Class. No.: HG6052 / .B46 2013eb

Dewey Class. No.: 332.6457

Modeling and pricing in financial markets for weather derivatives
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245 1 0 $a Modeling and pricing in financial markets for weather derivatives $h [electronic resource] / $c Fred Espen Benth, Jūrate Šaltytė Benth.
260 $a Singapore ; $a New Jersey : $b World Scientific, $c 2013.
300 $a 1 online resource (xi, 242 p.) : $b ill.
490 1 $a Advanced series on statistical science & applied probability ; $v vol. 17
504 $a Includes bibliographical references and index.
520 $a "Weather derivatives provide a tool for weather risk management, and the markets for these exotic financial products are gradually emerging in size and importance. This unique monograph presents a unified approach to the modeling and analysis of such weather derivatives, including financial contracts on temperature, wind and rain. Based on a deep statistical analysis of weather factors, sophisticated stochastic processes are introduced modeling the time and space dynamics. Applying ideas from the modern theory of mathematical finance, weather derivatives are priced, and questions of hedging analyzed. The treatise contains an in-depth analysis of typical weather contracts traded at the Chicago Mercantile Exchange (CME), including so-called CDD and HDD futures. The statistical analysis of weather variables is based on a large data set from Lithuania.The monograph includes the research done by the authors over the last decade on weather markets. Their work has gained considerable attention, and has been applied in many contexts"--Provided by publisher.
588 $a Description based on print version record.
650 0 $a Weather derivatives. $3 686210
650 0 $a Stocks $x Prices. $3 576214
655 0 $a Electronic books. $2 local $3 554714
700 1 $a Saltyte Benth, Jurate. $3 943287
830 0 $a Advanced series on statistical science & applied probability ; $v v. 17. $3 943288
856 4 0 $u http://www.worldscientific.com/worldscibooks/10.1142/8457#t=toc