In traditional economic models, increased liquidity results in more lending, mostly to investors and sometimes to consumers, thereby increasing demand and employment. But consider a case like Spain, where so much money has fled the banking system –&#160;and continues to flee as Europe fiddles over the implementation of a common banking system.
根据国际经济学模型，流动性的增加会增加借贷——主要流向投资者，也有一些流向消费者——从而增加需求和就业。但考虑以下西班牙的例子。大量资金从西班牙银行系统中出逃，而随着欧洲在共同银行系统的问题上继续扯皮，外逃之势还在延续。在维持目前紧缩政策的局面下增加流动性并不能提振西班牙经济。