Survey effect of financial liberalization on financial development

This article survey mutual effect of financial liberalization and trade openness on financial development from 1980-2008 , for a sample of 25 development and developing countries. The result suggests mutual effect of these is meaningful of financial development. As well as mutual effect is better than alone effect. In addition to, financial liberalization effect is less than trade openness. This essay suggests trade openness is precondition to financial liberalization.