We compute the curvature of the L 2 L^{2} -metric on the direct image of a family of Hermitian holomorphic vector bundles over a family of compact Kähler manifolds. As an application, we show that the L 2 L^{2} -metric on the direct image of a family of ample line bundles over a family of abelian varieties and equipped with a family of canonical Hermitian metrics is always projectively flat. When the parameter space is a compact Kähler manifold, this leads to the poly-stability of the direct image with respect to any Kähler form on the parameter space.