Simply put, more liquidity will not lead to more active bank lending until there is more transparency regarding the extent of non-performing loans and the relevant economies have become more flexible. The ECB’s asset quality review and bank stress tests are expected to bring some clarity to the first question.
简言之，更多的流动性无法带来更活跃的银行贷款行为，除非不良贷款程度的透明度有所增加，并且相关经济体弹性变得更大。欧洲央行的资产质量检查和银行压力测试有望澄清第一个问题。接着，就可以在可接受的条件上发生更多的贷款&mdash;&mdash;假设有相应需求的话。但与经济改革程度和节奏有关的不确定性仍然存在。