Derivatives on Non-Storable Renewable Resources: Fish Futures and Options, Not so Fishy After All

2011 ◽  
Author(s):  
Christian-Oliver Ewald
2016 ◽  
pp. 66-86
Author(s):  
A. Obizhaeva

The paper presents a microstructure analysis of the crash of the Russian ruble in mid-December 2014. The author shows that the market break probably happened due to the execution of a large order that converted Russian rubles into U.S. dollars over a short period of a few days. Expirations of futures and options as well as possible front-running could have exacerbated the collapse of the Russian currency. The paper discusses measures taken by the Moscow Exchange and Bank of Russia during the episode and makes several recommendations to prevent a repetition of the similar events and provide an effective response in the face of future market breaks.


2019 ◽  
Vol 37 (3) ◽  
pp. 18
Author(s):  
Fernando González Laxe

The globalization of the economy encourages massive population displacements and inevitably generates a cosmopolitization of societies. This leads to concern, misunderstanding and rejection. The most vulnerable social groups in society can perceive the population as intruders and enemies in social competition. Undoubtedly, the extreme spatial instability of fishery resources is among the many factors affecting migration dynamics. Various reasons for the mobility of fishermen are relevant around this concept. These include aspect related to traditions, to the capitalisation of activity, to technological innovations, and to innovation exchanges concerning the location of fish stocks. This article reflects on spatial increase of fishermen’s. The analyse are part of the paradigm of the sustainable management of common renewable resources, in particular fishery resources. It presents three lines of analysis: the reason for mobility; the choice of destination; and are the integration into host units.


Author(s):  
Geoffrey M. Heal ◽  
Graciela Chichilnisky ◽  
Andrea Beltratti

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