Convergence in prices or returns of assets with similar characteristics indicates that the financialudmarket is integrated with regional markets. This paper is the first that test of the movements ofudinterest rates in ASEAN banking sector for the period 1990 - 2012. The empirical analysis is basedudon a yearly panel of commercial bank interest rate data from 5 ASEAN countries, namely, Indonesia,udMalaysia, Philippines, Singapore and Thailand. We assessed the degree and speed of interest rateudconvergence using beta and sigma convergence method. The findings show that the difference andudthe dispersion in the interbank rates have reduced since the Asian financial crisis and this trend hasudbecome stronger after the Global financial crisis. The findings of this study confirm that interest ratesudin the ASEAN banking sector are c
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机译：具有相似特征的资产价格或收益的趋同表明金融市场与区域市场一体化。本文是第一个检验1990年至2012年间东盟银行业 ud利率变化的实验。实证分析基于/ udon来自5个东盟国家（即印度尼西亚， ud马来西亚，菲律宾，新加坡和泰国。我们使用beta和sigma收敛方法评估了利率 udconvergence的程度和速度。研究结果表明，自亚洲金融危机以来，银行间同业拆借利率的差异和分散程度有所减小，并且在全球金融危机之后这种趋势变得更加明显。这项研究的结果证实，东盟银行业的利率 ud
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