Bowman, David; Cai, Fang; Davies, Sally; Kamin, Steven - Federal Reserve Board (Board of Governors of the … - 2011
lending of a key element of QEP, the Bank of Japan's injections of liquidity into the interbank market. We identify a robust …, positive, and statistically significant effect of bank liquidity positions on lending, suggesting that the expansion of … effect of the BOJ's reserve injections on bank liquidity was offset as banks reduced their lending to each other. Finally …