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Погодные деривативы в России: страхование фермеров от колебаний температуры // Weather Derivatives in Russia: Farmers’ Insurance against Temperature Fluctuations

Author

Listed:
  • E. Carkin

    (Worcester Polytechnic Institute)

  • S. Chekirov

    (Financial University under the Government of the Russian Federation)

  • A. Echimova

    (Financial University under the Government of the Russian Federation)

  • C. Johnston

    (Worcester Polytechnic Institute)

  • C. Li

    (Worcester Polytechnic Institute)

  • V. Secrieru

    (Financial University under the Government of the Russian Federation)

  • A. Strelnikova

    (Financial University under the Government of the Russian Federation)

  • M. Trier

    (Worcester Polytechnic Institute)

  • V. Trubnikov

    (Financial University under the Government of the Russian Federation)

  • Э. Каркин

    (Вустерский политехнический институт)

  • С. Чекиров

    (Финансовый университет)

  • А. Екимова

    (Финансовый университет)

  • К. Джонстон

    (Вустерский политехнический институт)

  • К. Ли

    (Вустерский политехнический институт)

  • В. Секриеру

    (Финансовый университет)

  • А. Стрельникова

    (Финансовый университет)

  • М. Трир

    (Вустерский политехнический институт)

  • В. Трубников

    (Финансовый университет)

Abstract

This project proposes the use of weather derivatives, a type of financial instrument with a payout based on weather conditions, as a method for Russian farmers to hedge against daily temperature fluctuations. We created a weather derivative simulation tool in Microsoft Excel that calculates the effect of temperature on crop yield and then analyzes how the return of weather derivatives can potentially compensate for crop loss. Based on this tool, we developed a series of recommendations to help implement this system of protection with real users. Этот проект предлагает использовать погодные деривативы - тип финансового инструмента с выплатой на основе погодных условий - как метод для российских фермеров для подстраховки от ежедневных колебаний температуры. Мы создали инструмент моделирования производных погоды в Microsoft Excel, который вычисляет влияние температуры на урожайность, а затем анализирует, как возврат производных погоды может потенциально компенсировать потерю урожая. На основе этого инструмента мы разработали ряд рекомендаций, которые помогут внедрить эту систему защиты реальными пользователями.

Suggested Citation

  • E. Carkin & S. Chekirov & A. Echimova & C. Johnston & C. Li & V. Secrieru & A. Strelnikova & M. Trier & V. Trubnikov & Э. Каркин & С. Чекиров & А. Екимова & К. Джонстон & К. Ли & В. Секриеру & А. Стре, 2018. "Погодные деривативы в России: страхование фермеров от колебаний температуры // Weather Derivatives in Russia: Farmers’ Insurance against Temperature Fluctuations," Review of Business and Economics Studies // Review of Business and Economics Studies, Финансовый Университет // Financial University, vol. 6(1), pages 29-42.
    • Handle: RePEc:scn:00rbes:y:2018:i:1:p:29-42
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    References listed on IDEAS

    as
    1. Peter Alaton & Boualem Djehiche & David Stillberger, 2002. "On modelling and pricing weather derivatives," Applied Mathematical Finance, Taylor & Francis Journals, vol. 9(1), pages 1-20.
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