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	Provedor de dados AgEcon (1) Autor Odening, Martin (1) Shen, Zhiwei (1) Palavra-chave Crop insurance (1) Q11 (1) Q14 (1) Risk and Uncertainty (1) Risk pooling (1) Securitization (1) Systemic risk (1) Mais... Tipo do documento Presentation (1) Ano 2012 (1) País United States (1) Idioma Inglês (1)		Ordenar por:  Relevância Autor Título Ano Registros recuperados: 1 Primeira ... 1 ... Última Coping with Systemic Risk in Index-based Crop Insurance AgEcon Shen, Zhiwei; Odening, Martin. The implementation of index-based crop insurance is often impeded by the existence of systemic risk of insured losses. We assess the effectiveness of two strategies for coping with systemic risk: regional diversification and securitization with catastrophe (CAT) bonds. The analysis is conducted in an equilibrium pricing framework which allows the optimal price of the insurance and the number of traded contracts to be determined. We also explore the role of basis risk and risk aversion of market agents. The model is applied to a hypothetical area yield insurance for rice producers in northeast China. If yields in two regions are positively correlated, we find that enlarging the insured area leads to an increasing insurance premium. Unless capital market... Tipo: Presentation Palavras-chave: Crop insurance; Systemic risk; Risk pooling; Securitization; Risk and Uncertainty; Q11; Q14. Ano: 2012 URL: http://purl.umn.edu/122555 Registros recuperados: 1 Primeira ... 1 ... Última

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