‘Mahi tahi’ acknowledges that no one individual, enterprise, or policy institution can succeed alone. 5 Reserve Bank Annual Report 2020 6 Tools to support the economy 7 Mahi Tahi: Working together to ensure cash-flow and confidence  5  Figure 3: Working Together: Mahi-Tahi Diagram  Source: RBNZ.
Instead of stimulating politicians to solve the underlying causes of this crisis, the SMP discouraged them to do so. To remedy this situation, the ECB recently replaced the SMP with a new instrument for secondary market interventions: Outright Monetary Transactions or OMTs. The great advantage of OMTs is that they come with strict conditionality for the countries involved.