Ghosh, Chinmoy; Gao, Cheryl - 2022
We analyze the longer-term effect of Troubled Asset Relief Program (TARP) funding through the default risk angle. Our … analyses show that both the treatment group (i.e., TARP recipients) and the control group (i.e., banks not receiving TARP funds …) increased their default risk in the post-TARP stage lasting for a decade. Using a difference-in-difference approach, we further …