Finance and Economics Discussion Series Divisions of Research & Statistics and Monetary Affairs

Federal Reserve Board, Washington, D.C.

The Effect of Central Bank Liquidity Injections on Bank Credit Supply

Luisa Carpinelli and Matteo Crosignani

 2017-038

NOTE: Staff working papers in the Finance and Economics Discussion Series (FEDS) are preliminary materials circulated to stimulate discussion and critical comment. The analysis and conclusions set forth are those of the authors and do not indicate concurrence by other members of the research staff or the Board of Governors. References in publications to the Finance and Economics Discussion Series (other than acknowledgement) should be cleared with the author(s) to protect the tentative character of these papers.