不幸的是，大部分国家的决策者都浪费了央行为他们争取到的时间；此外，发达经济体的量化宽松政策给新兴市场经济体带来了影响深远的信贷扩张溢出效应。
Unfortunately, policymakers in most countries wasted the time they were given; moreover, so-called quantitative easing had far-reaching spillover effects.