解:原式$=(\frac {2a}{b})^2\ \mathrm {·}\frac {1}{a - b} - \frac {a}{b} \div \frac {b}{4}$
$ =\frac {4a^2}{b^2}\ \mathrm {·}\frac {1}{a - b} - \frac {a}{b}\ \mathrm {·}\frac {4}{b}$
$ =\frac {4a^2}{b^2(a - b)} - \frac {4a}{b^2}$
$ =\frac {4a^2 - 4a(a - b)}{b^2(a - b)}$
$ =\frac {4a^2 - 4a^2 + 4ab}{b^2(a - b)}$
$ =\frac {4ab}{b^2(a - b)}$
$ =\frac {4a}{b(a - b)}$