Function of Weather Derivatives in Risk Management


Xinyuan Zhang;


Weather change has very close relation with economy and life of human-beings.China has always been the big agricultural country.We are used to the model of "living depends on climate" so that we are quite sensitive to the change of weather.Besides agriculture,the operating scale and gain of industries of energy,construction,and tourism are also facing to risks of weather change.Targeting for the situation that the weather risk factor has more and more serious affect on the economy and life of human beings,as a kind of most effective new model risk management instrument which is specially used for preventing common weather risk,the weather derivatives is not only an innovation of financial derivative instrument,but also the product of highly optimization of capital market,having very bright development potential in the future.


Weather Derivative;;Risk Management;;Agriculture


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