https://www.rba.gov.au/speeches/2018/sp-dg-2018-12-06.html  2/13  12/6/2018  Lessons and Questions from the GFC | Speeches | RBA  Graph 1  These tensions continued to increase with a rolling series of flare-ups, including notably the rescue of Bear Stearns by JP Morgan in March 2008. By this stage, these concerns were increasingly reflected in the equity market too.
Thirdly, the PBC will cooperate with the relevant authorities to promote the adjustment of economic structure and maintain external sector balance. 2  BIS Review 36/2006  Rapid increase of foreign exchange reserve and the issue of RMB exchange rate has been the focus of people’s attention.