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Insurer Optimal Asset Allocation in a Small and Closed Economy: The Case of Iran’s Social Security Organization

Author

Listed:
  • Esfandi, Elaheh

    (Department of Economics, Alzahra University)

  • Mousavi, Mir Hossein

    (Department of Economics, Alzahra University)

  • Moshrefi, Rassam

    (Department of Economics, Faculty of Economics and Political Science, Shahid Beheshti University)

  • Farhang-Moghaddam, Babak

    (Economics and Systems Department, Institute for Management and Planning Studies)

Abstract

We seek to determine the optimal amount of the insurer’s investment in all types of assets for a small and closed economy. The goal is to detect the implications and contributions the risk seeker and risk aversion insurer commonly make and the effectiveness in the investment decision. Also, finding the optimum

Suggested Citation

  • Esfandi, Elaheh & Mousavi, Mir Hossein & Moshrefi, Rassam & Farhang-Moghaddam, Babak, 2020. "Insurer Optimal Asset Allocation in a Small and Closed Economy: The Case of Iran’s Social Security Organization," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 15(4), pages 445-461, October.
    • Handle: RePEc:mbr:jmonec:v:15:y:2020:i:4:p:445-461
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    References listed on IDEAS

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