Indonesian Journal of Business Analytics (IJBA)
Vol. 3 No. 2 (2023): April, 2023

Indonesia’s Foreign currency reserves: An Analysis of the Influencing Factors

Jusmer Sihotang (Universitas HKBP Nommensen, Medan)
Martin Luter Purba (Universitas HKBP Nommensen, Medan)
Nancy Nopeline (Universitas HKBP Nommensen, Medan)
Meli Sukawati Ujung (Universitas HKBP Nommensen, Medan)

Article Info

Publish Date
30 Apr 2023

Abstract

The impact of exports, inflation, the rupiah exchange rate (ER), and foreign direct investment (FDI) on Indonesia's foreign currency reserves is examined in this study (FER). The FER is the dependent variable in the study model's multiple linear regression equations, which also include the independent variables exports, inflation, the exchange rate of the rupiah, and foreign direct investment in Indonesia. The data used is from 2001 to 2021, and the model estimation technique is Ordinary Least Squares. The study demonstrates that FER is highly impacted by exports, inflation, the exchange rate of the rupiah, and FDI in Indonesia. FER is significantly and favorably impacted by exports and FDI. FER is negatively and significantly impacted by inflation in Indonesia. The rupiah ER does, however, have a slight and favorable impact on FER.

Copyrights © 2023




Citation Download
RIS
EndNote, Reference Manager, ProCite
BibTex
Latex, Jabref
Original Source
Download Original
Google Scholar
Check in Google Scholar
Journal Info
Indonesian Journal of Business Analytics (IJBA)
Website

Abbrev

ijba

Publisher

PT FORMOSA CENDEKIA GLOBAL

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Indonesian Journal of Business Analytics (IJBA) is a peer-reviewed journal providing a space for both practitioners and academics for disseminating research results that work in Business Analytics and related fields. IJBA provides an outlet for the increasing flow of interdisciplinary research ...