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 … influences banks’ risk-taking behaviour. For the period from 2012:Q1 to 2018:Q4, covering 90 listed banks from 16 Eurozone … in TLTRO experienced a positive effect on their default risk, indicating that they may have used liquidity to strengthen …