“…Accordingly, the strand of literature supporting the findings in the bottom quantiles include, inter alia: Salinger (1992), Klassen and McLaughlin (1996), Yuxiang andChen (2011), Frankel andRose (2002), Paramati, Apergi and Ummalla (2017), Paramati, Moand Gupta (2017), Kutan, Paramati, Ummallaand Zakari (2017) and Odhiambo (2020). On the contrary, findings in the top quantiles that are consistent with the corresponding literature supporting the fact that financial systems (especially those that are more developed) could contribute more towards environmental pollution, include, inter alia: Minettit (2011), Aye and Edoja (2017) and Xing et al(2017).…”