On the contrary, I think that there is much value to be gained by pursuing type 3 co-operation: working on making the financial infrastructure reasonably consistent, well understood and easy to use for investors across the region.
2 A recent Reserve Bank speech (Bascand, 2016) discusses labour market developments and their influence on inflation in New Zealand. 13  More people increase both demand in the economy and growth in potential output. In previous cycles, the increase in demand has often outweighed the contribution to the supply capacity of the economy.