Jurnal Cakrawala Ilmiah
Vol. 2 No. 2: Oktober 2022

THE EFFECT OF GROSS DOMESTIC PRODUCT, INFLATION, DOMESTIC CREDIT TO PRIVATE SECTOR ON NET FOREIGN ASSETS ON INDONESIA’S BALANCE PAYMENT 1997-2018

Nur Khotimah (Prodi Ekonomi Pertahanan, Fakultas Manajemen Pertahanan Unhan RI)
Rheviani HK Putri (Prodi Ekonomi Pertahanan, Fakultas Manajemen Pertahanan Unhan RI)
Lukman Yudho Prakoso (Prodi Ekonomi Pertahanan, Fakultas Manajemen Pertahanan Unhan RI)
Sri Sundari (Prodi Ekonomi Pertahanan, Fakultas Manajemen Pertahanan Unhan RI)
Agus Winarna (Prodi Ekonomi Pertahanan, Fakultas Manajemen Pertahanan Unhan RI)
Yudi Sutrasna (Prodi Ekonomi Pertahanan, Fakultas Manajemen Pertahanan Unhan RI)
Sri Murtiana (Prodi Ekonomi Pertahanan, Fakultas Manajemen Pertahanan Unhan RI)
Juliana Juliana (Prodi Ekonomi Pertahanan, Fakultas Manajemen Pertahanan Unhan RI)
Gabriel Choirul Alman (Fakultas Ilmu Adminstrasi, Universitas Brawijaya)
Supandi Supandi (Prodi Ekonomi Pertahanan, Fakultas Manajemen Pertahanan Unhan RI)
Djamaludin Malik (Universitas Hang Tuah)

Article Info

Publish Date
29 Oct 2022

Abstract

The slowdown in the world economy has impacted on several global commodity prices. As a result, this has resulted in an increasing current account deficit, in addition, Indonesia's balance of payments has fluctuated over the past decade. This study aims to determine the effect of gross domestic product, as well as the function of Bank Indonesia in maintaining the value of the rupiah to remain stable. The data used in this study is secondary data from 1997 to 2018. The analytical technique used in this study is multiple regression with Ordinary Least Square (OLS). The results of the study show that gross domestic product, inflation, and private sector domestic credit have a significant effect on foreign assets (NFA) simultaneously. Gross domestic product has a significant positive effect on NFA, and inflation and domestic credit to the private sector have a significant and negative effect on individual NFA. This research model shows that monetary policy is needed to maintain the balance of payments

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Journal Info
Jurnal Cakrawala Ilmiah
Website

Abbrev

JCI

Publisher

bajang Institute

Subject

Humanities Economics, Econometrics & Finance Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Public Health Social Sciences Other

Description

Digitalisasi eknomi menembus batas wilayah negara dan kedaulatan ekonomi yang dapat saja menjadi peluang atau ancaman. Digitalisasi tidak bisa dihindari, tetap permsalahan utamanya adalah bagaimana negara ini harus dapat merumuskan kebijakan agar masyarakat kita jangan hanya menjadi sapi perahan ...