Accession Number : ADA449471


Title :   ICAF Financial Services Industry Study


Descriptive Note : Annual rept. 2004-2005


Corporate Author : INDUSTRIAL COLL OF THE ARMED FORCES WASHINGTON DC


Personal Author(s) : Allison, Douglas ; Barry, Kevin ; Beaver, Philip ; Browne, Michael ; Cubillos, Claudio ; Hanger, Wallace ; Kluchko, Luke ; LaDue, Charles ; McGhee, Michael ; Mitsoff, Gregory


Full Text : https://apps.dtic.mil/dtic/tr/fulltext/u2/a449471.pdf


Report Date : Jun 2005


Pagination or Media Count : 45


Abstract : The U.S. financial services industry plays the leading role in providing the capital that fuels the world's largest economy. The industry includes those firms that provide financial services to organizations or individuals, the government agencies that regulate the industry, and the markets that facilitate the exchange of financial assets. Market confidence, continuous competitive innovation, and risk distribution characterize the industry in the U.S. and promote efficiency. Outside the U.S., excessive government involvement, corruption, and immature financial systems are prevalent and have prevented many overseas financial services sectors from achieving the same efficiency as the U.S.


Descriptors :   *UNITED STATES , *FINANCE , NATIONAL SECURITY , UNITED STATES GOVERNMENT , RISK , CAPITAL INVESTMENTS , ECONOMIC DEVELOPMENT , MONEY , BANKING , EFFICIENCY , LEGISLATION


Subject Categories : Administration and Management
      Economics and Cost Analysis
      Government and Political Science


Distribution Statement : APPROVED FOR PUBLIC RELEASE