10 FACTORS THAT INFLUENCE THE SUCCESSFUL IMPLEMENTATION OF MONETARY POLICY

• The degree of awareness of the public of the open market operations.
• The level of liquidity in commercial banks.
• The degree of liquidity preference of the population/ people.
• The size of the subsistence sector/ the degree of commercialization of the economy.
• The level of control of the economy by foreign owned commercial banks.

• The level of development/ availability of money markets.
• The degree of conflict in government objectives
• The level of use of commercial banks due to degree of ignorance of the use of commercial banks; degree of illiteracy; the credit worthiness of customers; availability of collateral security.
• The distribution of commercial banks/ the level of development of commercial banks.
• The degree of political interference.

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