Data/hora: 11/06/2024 09:22:47

Provedor de dados: 	31	
País: 	United States	
Título: 	Actuarial Implication of Structural Changes in El Niño-Southern Oscillation Index Dynamics	
Autores: 	Chen,   Shu-Ling.	
Data: 	2010-05-03	
Ano: 	2010	
Palavras-chave: 	Actuarial rating; Climate variability; El Niño; Fractional integration ARCH; FIGARCH; Index insurance; Structural change; Agricultural Finance; Financial Economics; Risk and Uncertainty; G21; G22; Q10; Q14.	
Resumo: 	The influence of climate variability on agricultural production and financial risks faced by an individual or an institution has been the center of the public discussion in the recent years.  The changing weather patterns and environmental conditions could cause substantial unpredicted economic loss.  Failure to capture the changing climate would underestimate the insurance contract’s expected indemnity and further create a major obstacle for insurance sectors.  In this paper, we undertake a case study of El Niño-Southern Oscillation Index insurance for coastal Peru proposed by Skees.  We examined the behavior of El Niño dynamics and found El Niño indices are changing over time.  A class of generalized autoregressive conditional heteroskedasticity (GARCH) - family process that allows the disturbance variance to vary over time is used to design and rate the El Niño-Southern Oscillation Index insurance contract.	
Tipo: 	Conference Paper or Presentation	
Idioma: 	Inglês	
Identificador: 	http://purl.umn.edu/61384	
Relação: 	Agricultural and Applied Economics Association&gt;2010 Annual Meeting, July 25-27, 2010, Denver, Colorado

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