# Joint research on the transmission of central bank liquidity to bank deposits and loan spreads in Europe by Professor Viral Acharya is mentioned

1 Faculty News November 27, 2019 ![Brookings Institution blog logo ](/sites/default/files/styles/246w/public/assets/images/brookings192x144.jpg?itok=REzslfND)>

Excerpt from [Brookings Institute Blog](https://www.brookings.edu/blog/up-front/2019/11/27/hutchins-roundup-monetary-policy-transmission-trade-liberalization-and-more/) -- "Using corporate deposit and loan transaction data for European banks from January 2006 to June 2010, [Viral Acharya](https://www.stern.nyu.edu/faculty/bio/viral-acharya) of NYU Stern School of Business and coauthors find that the European Central Bank’s increase in liquidity provision beginning in October 2008 lowered deposit spreads for both high-risk and low-risk banks, but reduced loan spreads only for low-risk banks."

[Read More](https://www.brookings.edu/blog/up-front/2019/11/27/hutchins-roundup-monetary-policy-transmission-trade-liberalization-and-more/)