An Evaluation Of The Effectiveness Of An Open Market Operation As A Monetary Control Instrument In Nigeria By Central Bank Of Nigeria

ABSTRACTThis research work was undertaken to find the expected impact of OMO are the reduction of unemployment associated with price level stability.  The prospect of Omo was also to find whether or not the production omo reduce inflationary rate, economic growth and others  such as exchange rate stability and balance of payment equilibrium. To guide this study, four questions a review of literature was evolved to broaden the research knowledge on what others have already done in the monetary authority adopted open market operation of Omo as the only instrument of monetary policy in …