TY  - BOOK
AU  - Horan,Lawrence J.
TI  - The Forward Market for Loanable Funds at Life Insurance Companies
AV  - HG8078 .H67 1980
U1  - 332.6'7254 
PY  - 1980///]
CY  - New York
PB  - New York University, Graduate School of Business Administration, Salomon Brothers Center for the Study of Financial Institutions
KW  - Insurance Companies
KW  - Insurance
N1  - Originally presented as the author's thesis (Ph. D.--Columbia University, 1980); Includes bibliographical references: p. 90-91
N2  - The analysis of life insurance company investment behavior presented here by the author recognizes the fact that the 70 largest life insurance companies, which hold about 80% of the industry's assets, do most of their investing in bonds, mortgages and real estate through forward markets. The model used builds on theoretical, and empirical work, but the approach used makes more realistic assumptions about market structure and institutional behavior and, thus comes closer to reproducing the dynamics of actual life insurance company investment process for the 1960-78 period

ER  -