The Relationship between Financial Development and Growth in Peripheral Countries: A Panel Data AnalysisThe relation between 'financial liberalisation' policies and 'economic growth' have started at the beginning of 2008 in USA and after a period of time, it has been the focal point one more time with the financial crisis that influenced the whole liberal capitalist system. By according with the tendency, the relation between the financial development degree and the economic growth for a group of neighboring countries is analyzed at the term of 1980-2010 with the help of panel data analysis. The basic findings that the panel data analyses displays are * Doç.Dr