オオタケ トシツグ   OTAKE Toshitsugu   大竹 敏次    所属   立命館アジア太平洋大学  国際経営学部    職種   教授
言語種別	日本語
発行・発表の年月	2020/01
形態種別	学術論文
査読	査読あり
標題	Temperature-based options for Vietnam: An option pricing and policy insight
執筆形態	コレスポンディング
掲載誌名	Journal of Economics and International Finance
掲載区分	国外
巻・号・頁	12(1),29-38頁
総ページ数	10
著者・共著者	Tran Do Thinh Hoang
概要	The purpose of this paper is to test a temperature-based pricing model of Alaton (2002) in main rice-growing cities of Vietnam. The results of the test are then used for loss hedging analysis and policy implications for Vietnamese farmers, investors and related parties. Data are collected from General Statistics Office (GSO) of Vietnam, and Vietnam Meteorological and Hydrological Administration, with a reference to acuweather.com, on which the Alaton model is run. We suggest that temperature-based options are great tools for Vietnamese farmers to hedge unfavorable weather risks, and for investors to earn speculative profits. The great geographic diversity among Vietnam cities shows that there is a great potential to expand option contracts nationwide.