Open AccessPengaruh ekspor, utang luar negeri, neraca transaksi berjalan dan neraca transaksi modal terhadap cadangan devisa di Indonesia
Author(s) -
Graselita Aritonang,
Amril Amril,
Zulgani Zulgani
Publication year - 2020
Publication title -
e-journal perdagangan industri dan moneter
Language(s) - English
Resource type - Journals
ISSN - 2303-1204
DOI - 10.22437/pim.v8i1.7861
Subject(s) - current account , external debt , economics , foreign capital , balance (ability) , foreign exchange reserves , capital (architecture) , debt , monetary economics , financial system , international economics , business , exchange rate , foreign direct investment , macroeconomics , geography , medicine , archaeology , physical medicine and rehabilitation
The purpose of this study is to (1) see the description of Indonesia's foreign exchange reserves, exports, foreign debt, current account balance, and capital account balance for the period 1998-2017. (2) analyze the effect of exports, foreign debt, current account balance, and capital account balance on Indonesia's foreign exchange reserves. The method used in this research is quantitative descriptive analysis with multiple regression model analysis using the Ordinary Least Square (OLS) method. The results of this study show that the average development of Indonesia's foreign exchange reserves is 11.87 percent, exports are 7.38 percent, foreign debt is 4.51 percent, the current account balance is 514.89 percent and the capital account balance is 66.92 percent. Based on the results of the analysis carried out by exports, foreign debt, current account balance, and capital account have a positive and significant effect on foreign exchange reserves with a coefficient of determination of 98.37 percent.Keywords: Foreign exchange, export, Foreign debt, Current account, Capital account