The real exchange rate, however, did not move much through this episode. 13 The current account, which had moved to a very large deficit during the 1880s property bubble (13 per cent of GDP) moved back to a more normal small deficit in the 1890s, and eventually into surplus when the mining boom ended and the economy slowed in the early 1900s.
While we remain technology neutral, we require banks to seamlessly integrate whatever technology they choose, with their CBS architecture.   As a philosophy, we have always encouraged banks to pursue FI as a commercial activity and to not view it as social service or charity.