Convergence in prices or returns of assets with similar characteristics indicates that the financial market is integrated with regional markets. This paper is the first that test of the movements of interest rates in ASEAN banking sector for the period 1990 - 2012. The empirical analysis is based on 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 rate convergence using beta and sigma convergence method. The findings show that the difference and the dispersion in the interbank rates have reduced since the Asian financial crisis and this trend has become stronger after the Global financial crisis. The findings of this study confirm that interest rates in the ASEAN banking sector are converging. This provides evidence that the ASEAN banking sector is ready for financial integration.

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东盟准备好银行一体化了吗？利率收敛的证据

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是一体的。本文是第一个测试1990年至2012年期间东盟银行业利率变动的研究。实证分析基于来自5个东盟国家（即印度尼西亚，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收敛的程度和速度。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降低，而在全球金融危机之后，这一趋势变得更加明显。这项研究的结果证实，东盟银行业的利率正在趋同。