WHY GOOD DIRECTION OF FINANCE IN LIBIERA IS AN ESSENTIAL PART OF THE DEVELOPMENT PROCESS Financial markets and institutions exist to mitigate the effects of information asymmetries and transaction costs that prevent the direct pooling and investment of societys savings. financial institutions help mobilize savings and provide payments services that facilitate the exchange of goods and services. in addition, they produce and process information about investors and investment projects to enable efficient allocation of funds; to monitor investments and exert corporate governance after those funds are allocated; and to help diversify, transform, and manage risk. when they work very well, financial institutions and markets provide opportunity for all market participants to take advantage of the best investments by channeling funds to their most productive uses, hence boosting growth, improving income distribution, and reducing poverty. when they do not work very well, opportunities for growth in Liberian society are missed, inequalities persist, and in the extreme cases, costly crises follow. that what we are experiencing in Liberia presentLY from the president Ellen led government.
Posted on: Wed, 29 Jan 2014 16:45:29 +0000
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