They noted that, although the Beveridge Curve ‘has very much played second fiddle’ to the Phillips Curve, it conceptually comes first and contains essential information about the functioning of the labour market and the shocks that affect it. Bulletin,  Bulletin  Bulletin, September, pp 1–11. © Reserve Bank of Australia, 2001–2018. All rights reserved. https://www.rba.gov.au/speeches/2018/sp-dg-2018-10-17.html  13/13
However, the stance of investors toward firms with high credit risks remains severe and the lending attitudes of private banks are becoming more cautious. Hence, the developments in the behavior of financial institutions and corporate financing continue to require close monitoring. 2  BIS Review 32/2002