THE EFFECT OF CHANGES IN SOURCES OF STATE REVENUE FROM EXCHANGE RESERVES: AN ANALYSIS STUDY IN INDONESIA

Rini, Febrianti and Heffi, Christya Rahayu and Zulfahmi, Zulfahmi and Dian, Sugiarti and Rahmad, Purnama (2023) THE EFFECT OF CHANGES IN SOURCES OF STATE REVENUE FROM EXCHANGE RESERVES: AN ANALYSIS STUDY IN INDONESIA. THE EFFECT OF CHANGES IN SOURCES OF STATE REVENUE FROM EXCHANGE RESERVES: AN ANALYSIS STUDY IN INDONESIA, 3. pp. 234-239. ISSN 2987-0461

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Abstract

This study examines the impact of imports, exports, exchange rates, and inflation on Indonesia's foreign exchange reserves. Based on the test results of exchange rate, export, import, and inflation variables, it is known that these variables have a significant effect on foreign exchange reserves. Secondary data from the International Monetary Fund, Central Bureau of Statistics, and Bank Indonesia, time series data from 1991- 2022. Variables are analyzed using Ordinary Least Square. The resulting export variable has an influence coefficient of 0.625618 which indicates that if exports increase by 1%, foreign exchange reserves will increase by 0.625618%. The import variable has an influence coefficient of -0.191346, which means that if imports increase by 1%, foreign exchange reserves will decrease by 0.191346%. The exchange rate variable has an influence coefficient of 0.004454, meaning that if the exchange rate increases by 1%, the foreign exchange reserves will increase by 0.004454%. The inflation variable has an influence coefficient of -0.883752, meaning that if inflation increases by 1%, foreign exchange reserves will decrease by 0.883752%. Based on these findings, Indonesia should increase the value of exports, reduce the value of imports, stabilize the exchange rate by buying domestic products, and refrain from importing products.

Item Type: Article
Subjects: Dewey decimal Classification Subject Areas > 300 Ilmu Sosial
Dewey decimal Classification Subject Areas > 300 Ilmu Sosial
Divisions: Fakultas Ekonomi > Program Studi Manajemen
Depositing User: Dr. Heffi Christya Rahayu, SE., M.Si.
Date Deposited: 19 Feb 2024 07:54
Last Modified: 19 Feb 2024 07:54
URI: http://repository.upp.ac.id/id/eprint/2541

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