Afonso, António; Ferreira, Jorge Braga - 2024
(TLTRO) on banks’ risk, given by their distance to default (DtD). The study aims to determine if the liquidity from TLTROs … countries, our findings show that TLTRO is associated with an increase in banks’ default risk. However, banks that participated … in TLTRO experienced a positive effect on their default risk, indicating that they may have used liquidity to strengthen …