Open AccessAnalisis Neraca Perdagangan Terhadap Cadangan Devisa di Indonesia (1975-2016)
Author(s) -
Khalwat Asyaria,
Risanda Alirastra Budiantoro,
Sri Herianingrum
Publication year - 2019
Publication title -
jurnal ekonomi
Language(s) - English
Resource type - Journals
ISSN - 2580-4901
DOI - 10.24912/je.v24i2.595
Subject(s) - foreign exchange reserves , volatility (finance) , economics , international economics , euros , monetary economics , business , international trade , currency , finance , philosophy , humanities
Foreign exchange reserves are assets of a central bank that are stored in foreign currencies such as dollars, euros, yen and are used for international trade and funding the country's economy. The size of the country's foreign exchange reserves depends on the strength of its exports and imports both oil and gas and non-oil and gas. Regarding the purpose of this study to analyze the allocation of oil and gas and non-oil gas trade to the volatility of foreign exchange reserves in Indonesia, 1975-2016. This study used secondary data from the Badan Pusat Statistik and World Bank reports using quantitative analysis (multiple linear regression test). The results of the study show that non-oil exports and imports have a significant negative effect on the volatility of foreign exchange reserves. While for oil and gas exports and imports it has a negative and insignificant effect.