KEVORCHIAN, Cristian; GAVRILESCU, Camelia; HURDUZEU, … - In: Studii Financiare (Financial Studies) 17 (2013) 3, pp. 19-32
The financial product designed by the authors belongs to the class of derivative financial instruments, having “weather conditions” as basic variable; the settlement is oriented to options on OTC markets, which are able to adapt to the farmers’ risk exposure level. Unfortunately, they cause...