Moreover, only a small portion of the liquidity created by unconventional monetary policy has been channeled toward households and the small and medium-size enterprises that generate most new jobs. Instead, crisis-affected global financial entities have used it to support their efforts to deleverage and to rebuild their capital, while large corporations have been building large cash reserves and refinancing their debt under favorable conditions.
此外，在非常规货币政策所创造出来的流动性中，只有一小部分流入了家庭和创造大部分新就业岗位的中小企业。相反，受危机影响的全球金融机构利用其支持去杠杆化和重建资本的过程，而大公司则囤积了大量的现金储备并以有利条件实现债务再融资。结果，经济增长和就业创造依然萎靡逼真，对可持续增长至关重要的长期生产性资产的投资融资严重受限。