ANALISIS CADANGAN DEVISA INDONESIA BERDASARKAN MONETARY APPROACH TO BALANCE OF PAYMENT (MABP) PERIODE 2005 KUARTAL I-2017 KUARTAL II DALAM JANGKA PANJANG
Indonesia's foreign exchange reserves have an important role in maintaining monetary and macroeconomic stability. Foreign exchange reserves are also used as sources of financing for international trade and debt instruments. The purpose of this study is to examine and analyze the determinant...
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| Format: | Theses and Dissertations NonPeerReviewed |
| Language: | English English |
| Published: |
2018
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| Subjects: | |
| Online Access: | http://repository.unair.ac.id/71211/1/abstrak.pdf http://repository.unair.ac.id/71211/2/full%20text.pdf http://repository.unair.ac.id/71211/ |
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| Institution: | Universitas Airlangga |
| Language: | English English |
| Summary: | Indonesia's foreign exchange reserves have an important role in
maintaining monetary and macroeconomic stability. Foreign
exchange reserves are also used as sources of financing for
international trade and debt instruments. The purpose of this study
is to examine and analyze the determinants of Indonesia's foreign
exchange reserves based on the Monetary Approach to Balance of
Payment (MABP) during the period of 2005 quarter I-2017 II
quarter in the long term. The method used is VECM. The results
showed that economic growth and domestic credit significantly
affected Indonesia's foreign exchange reserves, while the real
exchange rate and real interest rate did not significantly influence
foreign exchange reserves in the long term. |
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