Factors Associated with Foreign Exchange Reserves in Indonesia, 2006–2016

DOI

10.2991/aicobpa-18.2019.50How to use a DOI?

Keywords

Indonesian foreign exchange reserves; oil and gas net-exports; non-oil and gas net-exports; foreign investment; foreign debt

Abstract

The purpose of this study is to determine and explain the stability of the value of foreign exchange reserves affected by macroeconomic variables, such as net exports, foreign investment, and foreign debt. The research method used is explanatory research with a quantitative approach. The data used in this study are quarterly time series data. Data analysis was carried out by descriptive analysis and multiple linear regression analysis assisted by the GRETL program. The results showed that oil and gas net exports, non-oil and gas net exports, foreign investment, and foreign debt simultaneously had a significant effect on the volatility of Indonesia's foreign exchange reserves during the 2006–2016 period. Foreign debt partially has a significant effect on foreign exchange reserves, while the variables of oil and gas net exports, non-oil and gas net exports and foreign investment have no significant effect on Indonesia's foreign exchange reserves for the 2006–2016 period.

Copyright

© 2019, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Sri Sulasmiyati
PY  - 2019/08
DA  - 2019/08
TI  - Factors Associated with Foreign Exchange Reserves in Indonesia, 2006–2016
BT  - Proceedings of the Annual International Conference of Business and Public Administration (AICoBPA 2018)
PB  - Atlantis Press
SP  - 217
EP  - 220
SN  - 2352-5428
UR  - https://doi.org/10.2991/aicobpa-18.2019.50
DO  - 10.2991/aicobpa-18.2019.50
ID  - Sulasmiyati2019/08
ER  -