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Innovaciones financieras para adaptación al riesgo climático: el caso de las coberturas basadas en índices
[Financial innovations for adaptation to climate risk in agriculture: the case of index-based insurance]

Author

Listed:
  • Thomasz, Esteban Otto
  • Casparri, María Teresa

Abstract

The aim of this work is to present an exploratory synthesis of international experience related to index-based insurance, in order to assess their potential applicability as adaptation to climate risk in the case of countries dependent of agriculture. It will attempt to define the particular engineering these instruments , define its main characteristics, identify their advantages and disadvantages compared to traditional insurance; and from the study of international experience analyze the feasibility of implementing this tool . This line of research aims to identify the challenges faced by countries in developing for the implementation of these instruments.

Suggested Citation

  • Thomasz, Esteban Otto & Casparri, María Teresa, 2015. "Innovaciones financieras para adaptación al riesgo climático: el caso de las coberturas basadas en índices [Financial innovations for adaptation to climate risk in agriculture: the case of index-based insurance]," MPRA Paper 72690, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:72690
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    References listed on IDEAS

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    1. Jewson,Stephen & Brix,Anders With contributions by-Name:Ziehmann,Christine, 2005. "Weather Derivative Valuation," Cambridge Books, Cambridge University Press, number 9780521843713, November.
    2. Makaudze, Ephias M. & Miranda, Mario J., 2009. "Catastrophic Drought Insurance based on the Remotely Sensed Normalized Difference Vegetation Index for Smallholder Farmers in Zimbabwe," 2010 AAAE Third Conference/AEASA 48th Conference, September 19-23, 2010, Cape Town, South Africa 96183, African Association of Agricultural Economists (AAAE).
    3. 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.
    4. Patrick L. Brockett & Mulong Wang & Chuanhou Yang, 2005. "Weather Derivatives and Weather Risk Management," Risk Management and Insurance Review, American Risk and Insurance Association, vol. 8(1), pages 127-140, March.
    5. Roberto Dario Bacchini & Daniel Fernando Miguez, 2015. "Agricultural risk management using NDVI pasture index-based insurance for livestock producers in south west Buenos Aires province," Agricultural Finance Review, Emerald Group Publishing Limited, vol. 75(1), pages 77-91, May.
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    Cited by:

    1. Gabriela Pesce & Florencia Verónica Pedroni & Etelvina Stefani Chavez & Verónica Piñeiro, 2024. "Análisis de la literatura sobre cobertura de riesgo climático: una revisión sistemática en repositorios internacionales," Remef - Revista Mexicana de Economía y Finanzas Nueva Época REMEF (The Mexican Journal of Economics and Finance), Instituto Mexicano de Ejecutivos de Finanzas, IMEF, vol. 19(4), pages 1-23, Octubre -.

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    Keywords

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    JEL classification:

    • G22 - Financial Economics - - Financial Institutions and Services - - - Insurance; Insurance Companies; Actuarial Studies
    • Q14 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Finance

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