There is growing evidence that the impact of financial development on economic growth might be non-linear and hump … study shows that the finding of a non-linear, hump-shaped impact of financing on economic growth is robust to controlling …, while credit to households a negative impact on growth, even after allowing for non-linearities. (3) Debt-securities and …

This paper explores the long-run effects of inflation on the dynamics of private sector bank credit and economic growth …. Reinforcing the literature on finance and growth, this study reaffirms that inflation rates are detrimental to long-run financial … private sector bank credit in the economy exerts a positive impact on real GDP. In addition, inflation rates have contributed …

This paper attempts a re-examination of the relationship between the output volatility and economic growth using an … proxy of macroeconomic volatility has negative effect on economic growth. The results appear to be stronger when we include … between economic growth and volatility for the developing countries. The financial development indicator indicates significant …

economic growth that has accumulated over the past quarter-century. The bulk of the historical evidence suggests that financial … development a¤ects economic growth in a positive, monotonic way, yet recent research endeavors have provided useful and important … precise links between theory and measurement. The paper highlights the mechanisms through which financial markets benefit …