Özet:

The relation between the development of financial system and economic growth has been discussed for a long time. Financial system has been accepted as the most important of the economic system. The reason is that it is the center of transferring-process of funds which is needed most for economic growth. Mostly general economic success depends on the efficiency of the financial system. On the other hand, economic growth brings about increasing national income and causes a development in the international integration and legal arrangements thus it leads to an appropriate environment to development financial system. In this article, the studies researching the relation between financial development and economic growth have been analyzed. This study basically includes two sections. In the first section, the role of financial system on the economy, in second section, the relationship between economic growth and financial development has been analyzed under three headings: financial intermediation, interest rate-investment-saving rate and their causative relation. As a result, in all studies, although there is a strong connection between financial development and economic growth, the direction of causality is debatable

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