UPM Institutional Repository

Financial sector convergence in the ASEAN economies


Ibrahim, Juliana and Habibullah, Muzafar Shah and Radam, Alias and Kaliappan, Shivee Ranjanee (2012) Financial sector convergence in the ASEAN economies. In: National Research & Innovation Conference for Graduate Students in Social Sciences (GS-NRIC 2012), 7-9 Dec. 2012, Mahkota Hotel, Melaka. (pp. 370-382).


The Association of South East Asian Nation (ASEAN) is one example of regionalism in the Asian region. The purpose of this study is to address the question whether its formation has been successful or remains heterogeneous. By applying annual financial data for the period 1999 to 2009, on average, our panel unit root tests result suggests that the ASEAN countries financial depth (financial intermediation) are catching-up convergence towards their average and benchmark (Singapore) levels. In this respect, the government of the ASEAN countries are expected to continue with their initiatives in promoting the financial integration towards achieving a stable economic environment for investment and other productive economic activities in Asia.

Download File

[img] PDF
Restricted to Repository staff only

Download (278kB)

Additional Metadata

Item Type: Conference or Workshop Item (Paper)
Divisions: Faculty of Economics and Management
Publisher: Faculty of Economics and Management, Universiti Putra Malaysia
Keywords: Convergence; Panel unit root; Financial sector; ASEAN
Depositing User: Nabilah Mustapa
Date Deposited: 03 Apr 2017 07:43
Last Modified: 03 Apr 2017 07:43
URI: http://psasir.upm.edu.my/id/eprint/51263
Statistic Details: View Download Statistic

Actions (login required)

View Item View Item