"Evidence type";Authors
"Positive relationship between financial development and economic volatility";"Demirgüç-Kunt and Detragiache (1998, 2002); Jorda et al. (2011); Kaminsky and Reinhart (1999); Domaç and Peria (2003); Schularick and Taylor (2012); Reinhart and Rogoff (2009); Ibrahim and Alagidede (2017); Kiyotaki and Moore (1997); Beck et al. (2014); Enoch and Ötker-Robe (2007); Gourinchas et al. (2001); Rodrik (1998); Stiglitz (2002); Bernanke and Gertler (1990); Bernanke and Blinder (1992); Acemoglu and Zilibotti (1997); Ashcraft and Santos (2009); Gennaioli et al. (2012); Le et al. (2023)"
"Negative relationship between financial development and economic volatility";"Iwasaki et al. (2020); Levine and Warusawitharana (2021); Denizer et al. (2002); Larrain (2006); Raddatz (2006); Park (2015); Beck et al. (2013); Alagidede and Ibrahim (2016); Kapingura et al. (2022); Manganelli and Popov (2015); Xue (2020); Xu (2007)"
"U-shaped relationship between financial development and economic volatility";"Bijlsma et al. (2018); Alatrash et al. (2014); Easterly et al. (2000); Kunieda (2008); Dabla-Norris and Srivisal (2013); Sahay et al. (2015)"
"Insignificant impact of financial development on economic volatility";"Beck et al. (2003)"