And yet we allow to go unchallenged statement after statement, on talk-back radio and in the print media, suggesting that New Zealand has been daft to reduce its tariffs ahead of our trading partners, and that the only reason we are doing so is because politicians, or Treasury officials, are driven by some mad theory.
The fast transmission of funds through the CRISP System has also enabled economic agents outside the banking system to make cost effective investment plans since funds are no longer unnecessarily tied up in the payment system as was the case before. The CRISP System has also enabled us to retrieve in a timely manner statistics on liquidity of money market players.