The theory of Catallactics: It’s misapplication in monetary policy of developing economies and consequences

It is generally believed, in our lack of in-depth understanding of the contemporary operating functioning of the economic market largely in developing and under developed countries, to establish an accurate theoretical functioning as monetary economists, to guide the approach of effective policy design, is affecting the progressive development, resulting in its inability to address desired economic growth per its legal mandate as a complimentary to fiscal policy, in its delivery as a Central Bank. As well, become an institutional guiding path for other related financial institutions to play their active role in the financial system. The study thereby seeks to objectively establish the major phenomenon to be considered as factors to enhance monetary policy instrument design, and application in such a fragile economic system.