The Determinant Analysis of the Indonesia’s Foreign Exchange Reserves in 2008 – 2018

DOI

10.2991/aebmr.k.210220.010How to use a DOI?

Keywords

Exports, Rupiah/US Dollar Exchange Rates, Foreign Direct Investment, Foreign Exchange Reserves

Abstract

This study aims to analyze the effect of exports, imports, rupiah/US Dollar exchange rates, direct foreign investment, foreign debt and inflation on the Indonesia’s foreign exchange reserves in 2008 – 2018. The method used in this study is the ARCH/GARCH, with the GARCH model (2.1) selected, stationary tests, co-integration tests, statistical tests. The results show exports, foreign direct investment, and foreign debt have a significant positive effect on Indonesia’s foreign exchange reserves. However, imports have a negative and insignificant effect, while the exchange rates negatively and significantly effect and inflation has an insignificant negative effect on foreign exchange reserves.

Copyright

© 2021, 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  - A.L Merry Indriany
AU  - MA Dijirimu
AU  - Haerul Anam
AU  - Yunus Sading
AU  - Ika Rafika
PY  - 2021
DA  - 2021/02/22
TI  - The Determinant Analysis of the Indonesia’s Foreign Exchange Reserves in 2008 – 2018
BT  - Proceedings of the International Conference on Strategic Issues of Economics, Business and, Education (ICoSIEBE 2020)
PB  - Atlantis Press
SP  - 51
EP  - 56
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210220.010
DO  - 10.2991/aebmr.k.210220.010
ID  - MerryIndriany2021
ER  -