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Financial Rainfall by Olusegun Festus Remilekun Pdf
Everyone uses money. We all want it, work for it, pray about it and think about it on daily basis. The Lord wants us to have financial freedom and fortunes genuinely. Money and wealth are important aspect of living. It is perfectly fine for Christians to become wealthy and there is nowhere in the Bible that forbids Christians from gaining or having large amounts of money. Somebody once told me that money is from the devil; that is a capital No! Money is from God. Haggai 2:8 says, 'The silver is mine, and the gold is mine, saith the Lord of hosts.'' Zechariah 1:17, ''Cry yet, Thus saith the Lord of hosts; my cities through prosperity shall yet be spread abroad.........'' So money is not evil, it is the love of money that is evil (1 Timothy 6:10).
Standing in the Rain by Bill M. West,Thomas J. Powell Pdf
Standing in the Rain takes a detailed, up-to-date look at the current financial crisis by addressing three pertinent questions: *How did we get here?*How do we get through this?*What will the other side look like?Standing in the Rain makes the complex crisis approachable and offers a well-rounded perspective from a seasoned financial authority. By providing a clear analysis of the situation, Thomas J. Powell pulls from his extensive background in banking, lending and investing to supply extraordinary insight into the current financial struggle. Throughout the book, Powell offers a variety of accurate information and aims to lend valuable advice for learning from the past, understanding the present and preparing for the future.
Weather Derivatives by Antonis Alexandridis K.,Achilleas D. Zapranis Pdf
Weather derivatives are financial instruments that can be used by organizations or individuals as part of a risk management strategy to minimize risk associated with adverse or unexpected weather conditions. Just as traditional contingent claims, a weather derivative has an underlying measure, such as: rainfall, wind, snow or temperature. Nearly $1 trillion of the U.S. economy is directly exposed to weather-related risk. More precisely, almost 30% of the U.S. economy and 70% of U.S. companies are affected by weather. The purpose of this monograph is to conduct an in-depth analysis of financial products that are traded in the weather market. Presenting a pricing and modeling approach for weather derivatives written on various underlying weather variables will help students, researchers, and industry professionals accurately price weather derivatives, and will provide strategies for effectively hedging against weather-related risk. This book will link the mathematical aspects of the modeling procedure of weather variables to the financial markets and the pricing of weather derivatives. Very little has been published in the area of weather risk, and this volume will appeal to graduate-level students and researchers studying financial mathematics, risk management, or energy finance, in addition to investors and professionals within the financial services industry.
Developing Rainfall-based Index Insurance in Morocco by Anonim Pdf
Almost 90 percent of Moroccan agriculture is not irrigated, and since most of Morocco's crops depend on adequate rainfall, yields and production vary widely. A drought insurance program based on rainfall index contracts is feasible in parts of Morocco and could significantly benefit its farmers.
Modeling and Pricing in Financial Markets for Weather Derivatives by Fred Espen Benth,Jurate Saltyte Benth Pdf
Weather derivatives provide a tool for weather risk management, and the markets for these exotic financial products are gradually emerging in size and importance. This unique monograph presents a unified approach to the modeling and analysis of such weather derivatives, including financial contracts on temperature, wind and rain. Based on a deep statistical analysis of weather factors, sophisticated stochastic processes are introduced modeling the time and space dynamics. Applying ideas from the modern theory of mathematical finance, weather derivatives are priced, and questions of hedging analyzed. The treatise contains an in-depth analysis of typical weather contracts traded at the Chicago Mercantile Exchange (CME), including so-called CDD and HDD futures. The statistical analysis of weather variables are based on a large data set from Lithuania. The monograph includes the research done by the authors over the last decade on weather markets. Their work has gained considerable attention, and has been applied in many contexts.
From Disaster Response to Risk Management by Linda C. Botterill,Donald A. Wilhite Pdf
An academically focused collection of papers highlighting the successes and challenges of a move from disaster to risk management in responding to drought. The book passes on the experiences gained from Australia’s trail-blazing new policy, introduced in 1992.
Statistical Analysis of Rainfall Insurance Payouts in Southern India by James Vickery Pdf
Using 40 years of historical rainfall data, this paper estimates a distribution for payouts on rainfall insurance policies offered to farmers in the State of Andhra Pradesh, India, in 2006. The authors find that the contracts primarily protect households against extreme tail events; half the expected value of indemnities paid by the insurance are generated by only 2 percent of rainfall realizations. Contract payouts are significantly correlated cross-sectionally, and also inversely associated with real GDP growth. The paper discusses the implications of these findings for the potential benefits of insurance to households, the risks facing a financial institution underwriting rainfall insurance contracts, and pricing.
Modeling and Pricing in Financial Markets for Weather Derivatives by Fred Espen Benth,Jūratė Šaltytė Benth Pdf
Weather derivatives provide a tool for weather risk management, and the markets for these exotic financial products are gradually emerging in size and importance. This unique monograph presents a unified approach to the modeling and analysis of such weather derivatives, including financial contracts on temperature, wind and rain. Based on a deep statistical analysis of weather factors, sophisticated stochastic processes are introduced modeling the time and space dynamics. Applying ideas from the modern theory of mathematical finance, weather derivatives are priced, and questions of hedging analyzed. The treatise contains an in-depth analysis of typical weather contracts traded at the Chicago Mercantile Exchange (CME), including so-called CDD and HDD futures. The statistical analysis of weather variables is based on a large data set from Lithuania. The monograph includes the research done by the authors over the last decade on weather markets. Their work has gained considerable attention, and has been applied in many contexts. Contents:Financial Markets for WeatherStatistics of Weather:Data Description and Exploratory AnalysisSpatial-Temporal ModellingWeather Derivatives:Continuous-Time Models for Temperature and Wind SpeedPricing of Forward Contracts on Temperature and Wind SpeedExtensions of Temperature and Wind Speed ModelsOptions on Temperature and WindPrecipitation DerivativesUtility-Based Approaches to Pricing Weather Derivatives Readership: Researchers in mathematical/quantitative finance, environmental/energy economics. Keywords:Weather Derivatives;Stochastic Processes;HDD;CDD;Autoregressive Moving Average Time Series;Futures Contracts;Options;Utility Pricing;Girsanov Transform;Esscher Transform;Precipitation;Temperature;Wind SpeedKey Features:A rigorous stochastic modeling of weather factors like temperature, wind and rain based on continuous-time autoregressive processes and Lévy processesPricing of weather derivatives like futures and options based on modern mathematical finance theoryThis book is unique in combining sophisticated stochastic models with the modern theory of mathematical finance to weather derivatives. It provides a unified approach to weather marketsReviews: "The monograph will also be useful for those dealing with energy markets, agriculture, insurance and financial engineering, and will stimulate further research in this important direction." Anatoliy Swishchuk University of Calgary
Crop Insurance schemes in India: Special reference to Pradhan Mantri Fasal Bima Yojana (PMFBY) by Veerabhadrappa Bellundagi ,Hamsa K.R ,Prem Jose Vazhacharickal Pdf
India is an agrarian country, where half of the working population is engaged in agriculture and allied activities, for their livelihood, contributing 15.30 per cent to the country’s GDP in 2015-16. Insurance is a tool, inverse of game theory where losses suffered by few are covered from funds accumulated through small contributions made by many who are exposed to similar risk. The question of introduction of crop insurance in India was taken up for examination soon after independence in 1947. A special study to work out modalities of crop insurance was commissioned in 1947-48. World scenarioA wide range of agricultural insurance schemes based on different approaches exist in the world. The USA is currently the only country where revenue and income insurance exists. Revenue insurance is very important in USA, the 73 per cent of the premiums collected are coming from these types of insurance. In Japan there is a whole-farm insurance which covers against all climatic hazards for all crops on the farm. The Canadian system is mainly led by public insurance agencies, from the provincial governments. Indian scenarioIn 1972-73, the Department of Life Insurance Corporation of India introduced a Crop Insurance Scheme on H-4 cotton. Later many crop insurance schemes were implemented in India. At present, Pradhan Mantri Fasal Bima Yojana (PMFBY) was introduced. PMFBY is a crop insurance scheme launched by Prime Minister Narendra Modi led NDA Government. The scheme has been launched to cater the financial needs of the farmers in the event of crops destroyed by heavy rain, other natural calamities, pests or diseases. The scheme was implemented with a budget of Rs. 17,600 crore.The Pradhan Mantri Fasal Bima Yojana is new scheme implemented on 1st April, 2016. The scheme is expected to replace the existing schemes like National Agricultural Insurance Scheme (NAIS) and Modified NAIS (MNAIS). The scheme was introduced with a slogan of ‘minimum premium’, ‘maximum insurance’ for farmers. Premium is only one point five per cent for rabi crops, two per cent for kharif crops and five per cent for commercial and horticultural crops.