Is asean ready for banking integration? evidence from interest rate convergence / Fazelina Sahul Hamid1, Hooi Hooi Lean
Fazelina Sahul Hamid1;
Hooi Hooi Lean, auhtor
(Universiti Sains Malaysia, School of Distance Education., 2016)
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| Convergence in prices or returns of assets with similar characteristics indicates that the financialmarket is integrated with regional markets. This paper is the first that test of the movements ofinterest rates in ASEAN banking sector for the period 1990 - 2012. The empirical analysis is basedon a yearly panel of commercial bank interest rate data from 5 ASEAN countries, namely, Indonesia,Malaysia, Philippines, Singapore and Thailand. We assessed the degree and speed of interest rateconvergence using beta and sigma convergence method. The findings show that the difference andthe dispersion in the interbank rates have reduced since the Asian financial crisis and this trend hasbecome stronger after the Global financial crisis. The findings of this study confirm that interest ratesin the ASEAN banking sector are converging. This provides evidence that the ASEAN banking sectoris ready for financial integration. |
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| Penerbitan : | [Place of publication not identified]: Universiti Sains Malaysia, School of Distance Education., 2016 |
| Sumber Pengatalogan : | LibUI eng rda |
| ISSN : | 23563818 |
| Majalah/Jurnal : | Indonesian Capital Market Review |
| Volume : | Vol 8 No 2 July 2016 72-82 |
| Tipe Konten : | text |
| Tipe Media : | computer |
| Tipe Carrier : | online resource |
| Akses Elektronik : | http://journal.ui.ac.id/index.php/icmr/article/view/5712 |
| Institusi Pemilik : | Universitas Indonesia |
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