Abstract:This article makes an initial attempt to study the conceptual framework about weather derivatives instrument for absorbing weather-related risk. The study examines the potential of these instruments as standardised framework for transferring weather risks form hedgers to investors/speculators in the capital market. There is a need to create a sustainable weather risk market for the economy to absorb the weather-related risk. The weather risk market can provide an opportunity for integrating weather-index-based… Show more
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