Journal articles on the topic 'Foreign exchange Indonesia'
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1
Mahmudah, Binti Khoirul. "Pengaruh ekspor impor terhadap cadangan devisa di Indonesia." Jurnal Ilmiah Akuntansi dan Keuangan 8, no. 1 (January 23, 2019): 59–65. http://dx.doi.org/10.32639/jiak.v8i1.205.
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This study aims to analyze the amount of foreign exchange reserve in Indonesia. And the effect of exsports and imports on foreign exchange reserve in Indonesia. This data usade are secondary data derived from The Central Statistics Agency and Indonesian Banks. This research uses a quantitative analysis. Analysis to see whether the exsport and import factors significantly affect the foreign exchanges reserves in indonesia. Based on the regresion result in the know that exports have a positive and significant impact on Indonesian,s foreign exchange reserve while imports have a negative and significant impact on indonesian,s foreign exchange reserve.
Keywords : Export, Import, Foreign Exchange
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Andini Adhalia, Andi, Rachmad R, and Rahma Nurjanah. "Determinan impor Indonesia." e-Journal Perdagangan Industri dan Moneter 8, no. 1 (April 1, 2020): 31–42. http://dx.doi.org/10.22437/pim.v8i1.8035.
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The purpose of this study is to analyze: 1) The development of import values, inflation, exchange rates, FDI, and Indonesia's foreign exchange reserves for the period 1996-2017. 2) The influence of Indonesia's import determinants for the 1996-2017 period. In this study, the type of data used is secondary data based on the period 1996-2017. The method used in this research is descriptive analysis and quantitative analysis, namely multiple regression analysis. The results of this study indicate: 1) The average development of imports is 8.68% per year, the average inflation is 10.30% per year, the average development of the rupiah exchange rate against the dollar is 11.17% per year, the average development FDI is 5.66% per year, and the average development of foreign exchange reserves is 11.83% per year. 2) Simultaneously or together inflation, exchange rate, FDI, and foreign exchange reserves have a positive and significant impact on Indonesian imports. Partially, inflation has a positive and significant effect on Indonesian imports, the exchange rate has a negative and significant effect on Indonesian imports, FDI has a positive but not significant effect on Indonesian imports, and foreign exchange reserves have a positive and significant effect on Indonesian imports. Keywords: Imports, Inflation, Exchange rates, Foreign direct investment, Foreign exchange reserves
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Yulihastuti, Rimma Pebbi, Sri Ulfa Sentosa, and Ariusni Ariusni. "Analisis Pengaruh Faktor Internal dan Faktor Eksternal Kurs Rupiah Terhadap Dollar." Ecosains: Jurnal Ilmiah Ekonomi dan Pembangunan 8, no. 1 (May 9, 2019): 77. http://dx.doi.org/10.24036/ecosains.11519857.00.
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This research purpose are to the analyse the influence of long-term and short-term internal factor variables (interest rates of Indonesia Bank and Indonesia national income) and external factor variables ( net exports of Indonesia, US foreign interest rate and US foreign inflation) to the rupiah exchange rate against dollar in Indonesia. Methods that being used are Error Correction Model (ECM), the estimation result show that (1) in short-term interest rates of Indonesia, Indonesian national income and net exports in Indonesia caused shocks to the rupiah exchange rate against the dollar in Indonesia, (2) on the long-term national income of Indonesia, US foreign interest rate, and US foreign inflation has a significant influence on the rupiah exchange rate against the dollar, (3) in the short-term the US foreign interest rate and US foreign inflation does not cause a shock to the rupiah exchange rate against the dollar.
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Uli, Lusia Bunga. "Analisis Cadangan Devisa Indonesia." Jurnal Perspektif Pembiayaan dan Pembangunan Daerah 4, no. 1 (September 5, 2016): 15–24. http://dx.doi.org/10.22437/ppd.v4i1.3529.
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Abstract This study aims to determine the relationship between variables export, import, and exchange rate against Foreign Exchange Reserves in Indonesia. The data used in the empirical study of a sequence of data monthly time of year 2011.01 through 2014.12 from Bank Indonesia and the Central Statistics Agency (BPS). The analysis tool used is Auto Regression Vector Model (VAR). The results of this study indicate that the one-way relationship between the variables of foreign reserves and export. Then one-way relationship between exchange rate and exports. Lastly, there is a two-way relationship between imports and foreign exchange reserves, two-way relationship between exchange rate and foreign exchange reserves, two-way relationship between imports and exports, two-way relationship between the exchange rate and imports. The results also showed foreign exchange reserves are significantly influenced by the movement itself at a probability of 1 %. Export variable negative and not significantly affect the foreign exchange reserves. While imports of positive and not significant to the foreign exchange reserves. Foreign Exchange Reserves Indonesia is positively influenced by the exchange rate and not significant. Keywords: Foreign exchange reserves, exports, imports, exchange rate Abstrak. Penelitian ini bertujuan untuk mengetahui seberapa keterkaitan antar variabel ekspor, impor, dan nilai tukar rupiah terhadap Cadangan Devisa Indonesia. Data yang digunakan dalam kajian empiris ini merupakan data runtutaan waktu bulanan dari tahun 2011.01 sampai 2014. 12 yang berasal dari Bank Indonesia dan Badan Pusat Statistik (BPS). Alat analisis yang digunakan yaitu Vector Autoregression Model (VAR). Hasil dari penelitian ini menunjukkan bahwa hubungan searah antara variabel cadangan devisa ke ekspor. Lalu hubungan searah antara kurs terhadap ekspor Terakhir, terdapat hubungan dua arah antara impor dan cadangan devisa, hubungan dua arah antara kurs dan cadangan devisa, hubungan dua arah antara impor dan ekspor, hubungan dua arah antara kurs dan impor. Hasil penelitian ini juga menunjukan Cadangan devisa dipengaruhi secara signifikan oleh pergerakan dirinya sendiri pada probabilitas 1%. Variabel Ekspor berpengaruh negatif dan tidak signifikan mempengaruhi cadangan devisa. Sedangkan impor berpengaruh positif dan tidak signifikan terhadap cadangan devisa. Cadangan Devisa Indonesia dipengaruhi secara positif dan tidak signifikan oleh kurs. Kata Kunci: Cadangan Devisa, Ekspor, Impor, Kurs
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Mulyawan, Claudia, and Emmy Latifah. "Indonesian Monetary Regulation Regarding Chinese Electronic Payment in Indonesia." Jambe Law Journal 2, no. 1 (November 3, 2019): 45–60. http://dx.doi.org/10.22437/jlj.2.1.45-60.
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This article aims to analyze and find the answer on how the regulation for transaction activities deals with electronic money by Chinese tourists in Indonesia, especially in Bali, as well as to analyze the effect on using WeChat Pay and Alipay payment in tourism sector. This legal research is using normative research method. It is concluded that Chinese electronic payment platform WeChat Pay and Alipay by Chinese tourists for doing payment transactions in Bali has not been explicitly regulated in Indonesia because those providers have not fulfilled any requirements and standards from Indonesian Central Bank (Bank Indonesia) and have not obtained any Indonesian legal status as a private company. Transactions using Chinese electronic also have impact for the country’s foreign exchange reserves. Foreign exchange reserves is one of the important aspect in deciding the value of state budget (APBN) that is also influenced by foreign exchange reserves from tourism sector.
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Safitri, Yunella, and Dewi Zaini Putri. "ANALISIS DETERMINAN CADANGAN DEVISA DI INDONESIA." Jurnal Kajian Ekonomi dan Pembangunan 3, no. 4 (December 1, 2021): 97. http://dx.doi.org/10.24036/jkep.v3i4.12383.
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This study examines the analysis of the determinants of Indonesia's foreignexchange reserves. The data used in this study is secondary data obtained from the publications of the relevant agencies. This study uses Multiple Linear Regression analysis. The results of the study: (1) The effect of exports on foreign exchange reserves is insignificant and positive (2) The effect of imports on foreign exchange reserves is positive and not significant, (3) The effect of the exchange rate on foreign exchange reserves is significant and positive, (4) The effect of interest rates to foreign exchange reserves is significant and negative, (5) Simultaneously, the effect of exports, imports, exchange rates and interest rates on Indonesia's foreign exchange reserves is significant
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Kurniyawati, Evi, and Mahrus Lutfi Adi K. "ANALISIS STABILITAS CADANGAN DEVISA DI INDONESIA." Jurnal Dinamika Ekonomi Pembangunan 4, no. 2 (July 28, 2021): 496–501. http://dx.doi.org/10.33005/jdep.v4i2.307.
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Research on foreign exchange reserves is still important, because apart from being a source of development funding, foreign exchange reserves are also as tool to prevent economic crises. The analysis of foreign exchange reserves is developed by looking at the influence of macroeconomic variables such as inflation, exchange rates and foreign debt using the Autoregressive distributed lag model (ARDL) approach. The results show that the independent variable in the model has an effect on foreign exchange reserves in the short term, while in the long term the exchange rate variable has an effect on it. Based on the results of the CUSUM and CUSUMQ tests shows the model is stable. Maintaining economic stability and exchange rate stability is an important agenda for policy makers to create resilient domestic economic conditions in facing crises.
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Alhempi, R. Rudi, and Dodi Irawan Siregar. "Prediksi Utang Luar Negeri Indonesia dengan Menganalisis Cadangan Devisa terhadap Nilai Ekspor Indonesia Periode Tahun 2003 - 2016." Jurnal Ekonomi KIAT 30, no. 1 (September 29, 2019): 29. http://dx.doi.org/10.25299/kiat.2019.vol30(1).3876.
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Indonesia's foreign debt has increased dramatically in the last decade both government and private debt, and has taken up a portion of Indonesia's state budget (APBN). The amount of principal payments and debt interest is almost double the Indonesian development budget. For this reason, an effort is needed to pay it off, that is, every country needs foreign exchange reserves as a means of foreign payment, export activities will increase the country's foreign exchange reserves, which in turn can strengthen economic fundamentals. One of the government's efforts to obtain foreign exchange from abroad is by making loans to other countries (foreign debt) and exporting the results of natural resources and non-natural resources abroad. From the results of this foreign exchange can be used to increase state development funds. This study uses multiple linear regression analysis. The results of this study indicate that: Multiple linear regression analysis can be used to predict Indonesia's foreign debt by analyzing foreign exchange reserves against Indonesia's export value; There is a large (significant) partial effect between foreign exchange reserves and foreign debt; There is no significant (partial) significant effect between the value of exports on foreign debt.
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Hidayah, Syifa Ma’rifatul. "FAKTOR-FAKTOR YANG MEMPENGARUHI CADANGAN DEVISA DI INDONESIA." Jurnal Valuasi: Jurnal Ilmiah Ilmu Manajemen dan Kewirausahaan 2, no. 1 (January 20, 2022): 338–52. http://dx.doi.org/10.46306/vls.v2i1.106.
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Foreign exchange reserves are savings owned by the state for international trade transactions, maintaining monetary stability and paying foreign debts. The purpose of this study to determine the effect of exports, imports, GDP and exchange rates on Indonesia's foreign exchange reserves in 1990-2019. This study uses the ECM model which includes stationarity test, cointegration test, long-term test, short-term test, F test, t test, coefficient of determination test ( ) and classical assumption test. The test results show that the export variable has a significant positive effect on foreign exchange reserves, imports have a negative significant effect on foreign exchange reserves, while GDP and the exchange rate have no long or short term effect on foreign exchange reserves
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Adhitya, Bagus. "Analisis Determinan Cadangan Devisa di Indonesia." Jurnal Ilmiah Universitas Batanghari Jambi 21, no. 1 (February 8, 2021): 184. http://dx.doi.org/10.33087/jiubj.v21i1.1237.
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This study aims to analyze the effect of exports, imports and inflation rates on foreign exchange reserves in Indonesia. This type of research is quantitative. This research method uses multiple linear regression with the Ordinary Least Square model. The results showed that exports had a positive and significant effect on foreign exchange reserves in Indonesia at 2011-2018. Imports have a negative and significant effect on foreign exchange reserves in Indonesia at 2011-2018. The inflation rate has no positive effect on foreign exchange reserves in Indonesia in 2011-2018. This finding implies that the government must increase exports abroad to suppress imports of foreign products.
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Mariyono, Joko. "Determinants of Demand for Foreign Tourism in Indonesia." Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan 18, no. 1 (July 31, 2017): 82. http://dx.doi.org/10.23917/jep.v18i1.2042.
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This study aims to analyze the determinants of foreign tourists visiting Indonesia. Tourism sector is important in Indonesian economy because it is one of potential sources of foreign exchange and promotes economic growth. Decrease in number of domestic tourists is not as important as foreign ones since the later can be a potential source of foreign exchange. Model of travel cost demand for tourism is estimated using panel data, consisting of 34 countries across the globe during 2004-2013. Data were compiled from Indonesian Statistical Agency and the World Bank database. The result shows that distance is a one of significant factors that reduces the number of foreign tourists coming to Indonesia. Bomb attack reduced the number of foreign tourists. Tourists from western and ASEAN countries were more likely to visit Indonesia than others. Indonesian policy should guarantee with security to tourists to attract more arrivals
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Fitria, Norita, Aris Soelistyo, and Dwi Susilowati. "ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI CADANGAN DEVISA DI INDONESIA." Jurnal Ilmu Ekonomi JIE 5, no. 3 (September 22, 2021): 451–60. http://dx.doi.org/10.22219/jie.v5i3.16250.
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The purpose of this study is to analyze what factors affect foreign exchange reserves in Indonesia. The focus in this study is the variables that affect changes in foreign exchange reserves in the 1999-2019 period are non-oil and gas exports, the rupiah exchange rate, foreign debt and inflation as independent variables. Using an open economy model and Keynes's balance of payments, the analytical tools used in this study are the PAM regression model (Partial Adjustment Model) and the adaptive expectation model to see the long-term and short-term effects of the independent variable on the dependent variable. The results of this study show that simultaneously non-oil and gas exports, the rupiah exchange rate, foreign debt and inflation affect Indonesia's foreign exchange reserves, while partially non-oil exports and the rupiah exchange rate significantly and positively affect Indonesia's long-term and short-term foreign exchange reserves, while debt foreign exchange and inflation are not significant and negatively affect long-term and short-term foreign exchange reserves. Non-oil exports, rupiah exchange rate, foreign debt and inflation can explain Indonesia's foreign exchange reserves of 97%, of which the remaining 3% is explained by other variables not included in this study.
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Fitria, Norita, Aris Soelistyo, and Dwi Susilowati. "ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI CADANGAN DEVISA DI INDONESIA." Jurnal Ilmu Ekonomi JIE 5, no. 3 (September 22, 2021): 451–60. http://dx.doi.org/10.22219/jie.v5i3.16250.
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The purpose of this study is to analyze what factors affect foreign exchange reserves in Indonesia. The focus in this study is the variables that affect changes in foreign exchange reserves in the 1999-2019 period are non-oil and gas exports, the rupiah exchange rate, foreign debt and inflation as independent variables. Using an open economy model and Keynes's balance of payments, the analytical tools used in this study are the PAM regression model (Partial Adjustment Model) and the adaptive expectation model to see the long-term and short-term effects of the independent variable on the dependent variable. The results of this study show that simultaneously non-oil and gas exports, the rupiah exchange rate, foreign debt and inflation affect Indonesia's foreign exchange reserves, while partially non-oil exports and the rupiah exchange rate significantly and positively affect Indonesia's long-term and short-term foreign exchange reserves, while debt foreign exchange and inflation are not significant and negatively affect long-term and short-term foreign exchange reserves. Non-oil exports, rupiah exchange rate, foreign debt and inflation can explain Indonesia's foreign exchange reserves of 97%, of which the remaining 3% is explained by other variables not included in this study.
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Fitria, Norita, Aris Soelistyo, and Dwi Susilowati. "ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI CADANGAN DEVISA DI INDONESIA." Jurnal Ilmu Ekonomi JIE 5, no. 3 (September 22, 2021): 451–60. http://dx.doi.org/10.22219/jie.v5i3.16250.
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The purpose of this study is to analyze what factors affect foreign exchange reserves in Indonesia. The focus in this study is the variables that affect changes in foreign exchange reserves in the 1999-2019 period are non-oil and gas exports, the rupiah exchange rate, foreign debt and inflation as independent variables. Using an open economy model and Keynes's balance of payments, the analytical tools used in this study are the PAM regression model (Partial Adjustment Model) and the adaptive expectation model to see the long-term and short-term effects of the independent variable on the dependent variable. The results of this study show that simultaneously non-oil and gas exports, the rupiah exchange rate, foreign debt and inflation affect Indonesia's foreign exchange reserves, while partially non-oil exports and the rupiah exchange rate significantly and positively affect Indonesia's long-term and short-term foreign exchange reserves, while debt foreign exchange and inflation are not significant and negatively affect long-term and short-term foreign exchange reserves. Non-oil exports, rupiah exchange rate, foreign debt and inflation can explain Indonesia's foreign exchange reserves of 97%, of which the remaining 3% is explained by other variables not included in this study.
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Hawari, Ryan, and Fitri Kartiasih. "KAJIAN AKTIVITAS EKONOMI LUAR NEGERI INDONESIA TERHADAP PERTUMBUHAN EKONOMI INDONESIA PERIODE 1998-2014." MEDIA STATISTIKA 9, no. 2 (January 24, 2017): 119. http://dx.doi.org/10.14710/medstat.9.2.119-132.
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Indonesia is a developing country which adopts an “open economic”. That caused Indonesia economic is strongly influenced by factors that come from outside of Indonesia. External factors in this research is referred to foreign debt, foreign direct investment, trade openness and exchange rate of rupiah with USD. The analytical method in this research used Vector Error Correction Model (VECM) which will focused on Impulse Response Function (IRF) and Forecast Error Variance Decomposition (FEVD). Based on result of IRF, exchange rate had a positive effect to economic growth, while foreign debt, foreign direct investment and trade openness had a negative effect to economic growth. Based on result of FEVD, shock on economic growth in Indonesia affected by economic growth itself (43.21%), followed by foreign debt (26.30%), trade openness (14.16%), foreign direct investment (8.29%) and exchange rate (8.04%) Keywords: economic growth, trade openness, VECM, IRF, FEVD
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Fitri, Nailil, Sri Ulfa Sentosa, and Melti Roza Adry. "Pengaruh Investasi dan Utang Luar Negeri Terhadap Cadangan Devisa Indonesia." Ecosains: Jurnal Ilmiah Ekonomi dan Pembangunan 8, no. 1 (May 9, 2019): 35. http://dx.doi.org/10.24036/ecosains.11519457.00.
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This research aims to knows and analyze the impact of Indonesia investment abroad, foreign direct investment and external debt to foreign exchange reserve. This research use ordinary least square (OLS). The result from this research is Indonesia investment abroad have significant and negative effect to foreign exchange reserve in indonesia. FDI unsignificant and positive impact to foreign exchange reserve in Indonesia. External debt have significant positive to foreign exchange reserve in Indonesia. From this research can be suggest that government and BI should be notice macro economic condition that impacted to balance of payment an stability of foreign exchange reserve, Indonesia’s government should be fix the resources that will increase FDI and foreign exchange reserve can be accomplish.
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Ramdhani, Dyike Adella. "Analysis of Determinants The Foreign Exchange Earnings of Tourism Sector In Indonesia." Journal of Accounting Management and Economics 19, no. 1 (January 27, 2018): 34. http://dx.doi.org/10.20884/1.jame.2017.19.1.534.
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This research aims to analyze determinants of the number of foreign tourist, average foreign tourist expenditure, average length of stay foreign tourist, and dollar exchange rate against rupiah on foreign exchange earnings of tourism sector in Indonesia 2009 – 2013 periods. The data is secondary from Indonesia Statistical Agency, Bank of Indonesia, Ministry of Tourism and Creative Economy, articles, journal, and result of previous researches. This research uses panel data regression analysis. The result shows that the number of foreign tourist, average foreign tourist expenditure, average length of stay foreign tourist and dollar exchange rate against rupiah are giving positive effect on foreign exchange earnings of tourism sector in Indonesia 2009 – 2013 periods. Average length of stay foreign tourist is a variable that mostly affecting on open foreign exchange earnings in Indonesia 2009 – 2013 periods. Based on the result, the government is targeting foreign tourist arrivals to Indonesia for foreign tourists bringing foreign currency so that the rupiah demand will rise and increase tourism foreign exchange. Government, investors and communities leveraging existing infrastructure so that the average length of stay of foreign tourists continues to increase so Enhancing tourism foreign exchange. Stability of rupiah should always be maintained.
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Mildyanti, Rini, and Mike Triani. "ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI CADANGAN DEVISA(STUDI KASUS DI INDONESIA DAN CHINA)." Jurnal Kajian Ekonomi dan Pembangunan 1, no. 1 (March 15, 2019): 165. http://dx.doi.org/10.24036/jkep.v1i1.5363.
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This study aims to determine the factors that influence foreign exchange reserves in Indonesia and China.The research type is descriptive research while the data used is time series data from 1987-2016 obtained from documentation of Bank Indonesia, BPS Indonesia, and International Monetary Fund (IMF). The results of this study indicate that : exchange rate and portfolio investment has a significant positive effect on foreign exchange reserve in Indonesia. Net export has a negatif and not significant effect on foreign exchange reserve in Indonesia. While, exchange rate has a negatif and not significant effect on foreign exchange reserve on China’s. Net export has a significant positive effect on foreign exchange reserve in China’s. While, portfolio investmen has a negative and significant effect on foreign exchange reserve.. Based on this research is expected to provide information about foreign exvhange reserve in Indonesia and China’s as well as the factors that influence,
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Manuputty, Sally Ridge Angie, and Hari Sunarto. "PERBANDINGAN KINERJA KEUANGAN BANK DEVISA DAN BANK NON DEVISA DI INDONESIA." Jurnal Riset Akuntansi dan Keuangan 9, no. 1 (February 1, 2013): 1. http://dx.doi.org/10.21460/jrak.2013.91.17.
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This research is aimed at examining whether the foreign exchange banks perform better than non foreign exchange banks. The sample size of both bank categories are drawn almost evenly i.e. twenty fourth foreign exchange banks and twenty fifth non foreign exchange banks as they are listed in the Bank Indonesia for period of 2006 until 2010. The independent sample statistical t-test and U Mann Whitney test are used to examine the hypothesis. Almost all financial ratios as indictors’ bank performance disclose that foreign exchange banks surpass those non foreign exchange banks. The descriptive statistic of financial ratios may reflect the advantage of the former bank category such larger geographic coverage and superiority in management team. However, according inference statistical test came to conclusion that foreign exchange bank performs better significantly in lower operational risk and hence lower cost of fund respectively. The non foreign exchange bank category prove a better in capital adequacy ratio, however the foreign exchange bank category has superior absolute paid up capital. Keywords : financial performance, foreign exchange bank, non foreign exchange bank.
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Anwar, Anas Iswanto, Bayu Pamungkas Djamal, and Sri Undai Nurbayani. "EFFECTS OF FOREIGN LOANS, INTEREST RATE, AND EXPORT FOR THE FOREIGN EXCHANGE RESERVES IN INDONESIA 2002-2016." Hasanuddin Economics and Business Review 3, no. 2 (October 31, 2019): 59. http://dx.doi.org/10.26487/hebr.v3i2.1942.
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The aim of this research is to analyze the effect of foreign loans, interest rate, and export for the foreign exchange reserves in Indonesia during 2002-2016. This research used secondary data which tends the time-series published by Bank Indonesia, The Ministry of Trade Republic of Indonesia, Central Agency on Statistics Indonesia in the year of 2002-2016. The result of the regression by using ordinary least squares (OLS) method showed that the foreign loans and export take effect positively to the foreign exchange reserves. It indicates that the increase of foreign loans and export could affect the foreign exchange reserves in Indonesia during 2002-2016. Otherwise, the interest rate could not affect the foreign exchange reserves in Indonesia during 2002-2016.
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Rahayu, Yunita Rizqi, Siti Hodijah, and Candra Mustika. "Determinan utang luar negeri Indonesia dengan pendekatan error correction model (ECM)." e-Journal Perdagangan Industri dan Moneter 10, no. 1 (March 7, 2022): 71–84. http://dx.doi.org/10.22437/pim.v10i1.13090.
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Abstract The purpose of this research is: 1) to identify the development of foreign debts, exchange rates, exchange reserves, GDP, imports, and exports in Indonesia. 2) to analyze the long-term and short-term impact of exchange rates, exchange reserves, GDP, imports, and exports on Indonesian foreign debt. This study uses a quantitative descriptive analysis method of time-series data from 1995 to 2019. It uses multiple linear regression analysis tools with the Ordinary Least Square (OLS) and Error Correction Model (ECM) with the help of Eviews 8. The source of data from the Sentral Statistics Agency (BPS) and Bank Indonesia. The data analysis technique is multiple linear regression, unit root test, ECM, partial hypothesis testing using t-test and simultaneously using F-test with a significance level of 5%. Based on the results, it can be concluded that in the long-term, the exchange rate, foreign exchange rate, GDP, imports, and exports have a significant effect on foreign debt, while in the short-term, GDP does not have a significant impact on foreign debt.
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Murni, Anggia, Umaruddin Usman, Jariah Abubakar, and Mutia Rahmah. "THE INFLUENCE OF THE NUMBER OF FOREIGN TOURISTS AND FOREIGN DEBT TO FOREIGN EXCHANGE RESERVES IN INDONESIA." Journal of Malikussaleh Public Economics 4, no. 2 (December 31, 2021): 19. http://dx.doi.org/10.29103/jmpe.v4i2.6042.
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This study examines the effect of the number of foreign tourists and foreign debt on foreign exchange reserves in Indonesia. This study uses secondary data from 2005 to 2019. Data are analyzed by using multiple linear regression (Ordinary Least Squares). The result showed that the foreign tourists and foreign debt do not influence foreign exchange reserves. Simultaneously, the number of foreign tourists and foreign debt affected the foreign exchange reserves in Indonesia. The coefficient of determination (R2) was 0.839184, which indicates that the influence of the number of foreign tourists and foreign debt on foreign exchange reserves was 0.839184 or 83.91%, and the remaining 16.09% was influenced by other variables outside of this study.
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Fitrianto, Fitrianto. "Pengembangan Ekonomi Indonesia Berbasis Wisata Halal." BISNIS : Jurnal Bisnis dan Manajemen Islam 7, no. 1 (June 19, 2019): 69. http://dx.doi.org/10.21043/bisnis.v7i1.5254.
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<p><em>This paper describes the development of Indonesian economy based on halal tourism. The tourism sector is Indonesia's mainstay in gaining foreign exchange. Tourism can be used as an engine of economic growth for the country. The Indonesian government targets 20 million foreign tourist visits in 2019. Foreign tourist visits to Indonesia have increased during 2017 to 2018. The Badan Pusat Statistik (BPS) released the number of foreign tourist visits to Indonesia during 2018 to reach 15.81 million or an increase of 12.58%. In 2018, foreign exchange from the tourism sector accounted for US $ 17 M, an increase of 11.8%.</em></p><p><em>Halal tourism is a tourism concept that matches Islamic values. Indonesia has a great opportunity in developing the halal tourism sector. Bank Indonesia (BI) states that halal tourism also supports the development of Islamic economics. Halal tourism can strengthen the country's economy. In April 2019 Indonesia was ranked first in the category of the world's best halal tourism destinations based on the Global Muslim Travel Index (GMTI) standard.</em></p>
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Layali, Rahmatun, and Suriani Suriani. "Halal Tourism and Foreign Exchange Reserves in Indonesia: Error Correction Model." ETIKONOMI 21, no. 1 (March 16, 2022): 177–92. http://dx.doi.org/10.15408/etk.v21i1.19616.
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This study aims to look at how the number of tourists and the exchange rate affects Indonesia's foreign exchange reserves before and after the implementation of halal tourism from 2010 to 2019 (monthly). The Paired t-Test model was used to look at the differences in Indonesia before and after halal tourism. By examining the short and long-term effects of tourist numbers and currency rates on foreign exchange reserves using the Error Correction Model. Halal tourism, according to the research, helps Indonesia's foreign exchange reserves. The exchange rate has a negative impact on foreign exchange reserves in this situation. Meanwhile, the number of international visitors has a favourable impact on both short- and long-term foreign exchange reserves. It demonstrates that the tourism sector, particularly halal tourism, can be one of the supporting sectors in increasing the country's foreign exchange, encouraging the government to implement policies to support its tourism industry.How to Cite:Rahmatun, L., & Suriani. (2022). Halal Tourism and Foreign Exchange Reserves in Indonesia: Erroc Correction Model. Etikonomi, 21(1), 177-192. https://doi.org/10.15408/etk.v21i1.19616.
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Safitri, Sulih Tiara, Nisa Mutiara, and Eni Srihastuti. "Exploration exogenous factor of exchange rate: Data from Indonesia." Jurnal Inovasi Ekonomi 6, no. 01 (March 3, 2021): 21–24. http://dx.doi.org/10.22219/jiko.v6i01.16610.
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This study aimed to determine the relationship between remittance of Indonesian workers, gross domestic product and foreign exchange reserves to the exchange rate of IDR/USD in the period 2013-2017. This research is quantitative research with regression analysis. The data collection technique uses secondary data of Indonesian labor remittance reports, GDP, foreign exchange reserves, and the rupiah's exchange rate against the dollar for the 2013-2017 period. The analysis of the results shows a significant relationship between remittance and the exchange rate; there is no significant negative correlation between GDP and the exchange rate and there is no significant positive relationship between Foreign Exchange Reserves and the exchange rate.
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Rahmawati, Rizky, and Djoni Djatnika. "Analisis Pengaruh Pembiayaan Syariah dan Variabel Makro Ekonomi Terhadap Ekspor Indonesia (Studi Pada BUS Devisa dan LPEI)." Journal of Applied Islamic Economics and Finance 1, no. 1 (October 30, 2020): 23–36. http://dx.doi.org/10.35313/jaief.v1i1.2389.
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This research aims to determine the effect of financing channeled by Foreign Exchange Islamic Bank, LPEI sharia financing, inflation and exchange rates simultaneously and partially on Indonesian exports in 2015 - 2019. The sampling technique in this research is purposive sampling method and used secondary data from Bank Indonesia, BPS, OJK and the financial statements of each bank. The research used quantitative method. Data analysis techniques used is multiple linear regression ordinary least Square (OLS) using software Eviews 9. The results of this research indicate that simultaneously the financing channeled by Foreign Exchange Islamic Bank, LPEI sharia financing, inflation and exchange rates have a significant effect on Indonesian exports. Partially the financing channeled by foreign exchange Islamic Bank and inflation does not affect on Indonesian exports. LPEI sharia financing and exchange rates has a significant positive effect on Indonesian exports.
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Fakhrurrazi, Fakhrurrazi, and Hijri Juliansyah. "Analisis Hubungan Ekspor, Pembayaran Hutang Luar Negeri Dan Nilai Tukar Terhadap Cadangan Devisa Indonesia." JURNAL EKONOMIKA INDONESIA 10, no. 1 (July 13, 2021): 10. http://dx.doi.org/10.29103/ekonomika.v10i1.4505.
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This study aims to determine the relationship between exports, foreign debt payments, and the exchange rates on the foreign exchange reserves of Indonesia in 1988-2019. This study uses secondary data for 31 years and uses the Autoregressive Distributed Lag (ARDL) analysis method to analyze the data. The results of this study indicate that all variables have no relationship between variables, only on the foreign exchange reserves to exports. In short-term testing, the export does not have a significant effect on foreign exchange reserves, and the foreign debt payment and the exchange rate have a significant effect on foreign exchange reserves. However, in the long run, all variables do not have a significant effect on foreign exchange reserves.Keywords:Exports, Foreign Debt Payment, Exchange Rates, Foreign Exchange Reserves, ARDL
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Juliansyah, Hijri, Putri Moulida, and Apridar Apridar. "Analisis Faktor-faktor Yang Mempengaruhui Cadangan Devisa Indonesia Bukti (Kointegrasi dan Kausalitas)." Jurnal Ekonomi Regional Unimal 3, no. 2 (November 29, 2020): 32. http://dx.doi.org/10.29103/jeru.v3i2.3204.
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This study aims to analyze the factors that influence Indonesia's foreign exchange reserves by proving cointegration (long-run relationships) and causality (reciprocal relationships). The data used is time series data during the period January 2014-December 2018. The analytical method used in this study is cointegration test and granger causality with the approach of auto regressive lag (ARDL). The cointegration test results using the Bound test test indicated that between the variables of foreign exchange reserves, exports, the exchange rate, the BI Rate and inflation had a stability relationship of movements in the long run. While the results of the causality test showed that there is a one-way relationship between foreign exchange reserves and exports, and so there was a unidirectional relationship between foreign exchange reserves and the exchange rate and the same relationship between the BI Rate and foreign exchange reserves. Keywords: foreign exchange reserves, exports, exchange rates, BI Rate, inflation.
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Fahrika, A. Ika, H. Muhtar Lutfi, and Nasrullah Bin Sapa. "Analisis Transaksi Valuta Asing (Al-Sharf): Tinjauan Hukum Ekonomi Islam di Indonesia." AL-KHARAJ 2, no. 2 (December 5, 2022): 113–27. http://dx.doi.org/10.30863/alkharaj.v2i2.3198.
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Abstract. Analysis of Foreign Exchange Transactions (Al-Sharf): An Overview of Islamic Economic Law in Indonesia. The purpose of this research is to find out how the legal view of Indonesian Islamic Economics regarding foreign exchange (Al-Sharf), which is one of the transaction tools to meet basic human needs around the world today. The buying and selling of currencies is permitted as long as the transactions made are paid in cash and the local currency exchange rates are converted to the exchange rates of the currencies being exchanged. The study conducted by the author with an approach to norms and sources of Islamic law that specifically applies in Indonesia. In this study, the author will conduct a literature review of books and documents that discuss foreign exchange trading, as well as examine and analyze them from the perspective of Islamic economic law. Abstrak Tujuan dari diadakannya penelitian ini adalah untuk mengetahui bagaimana pandangan hukum Ekonomi Islam Indonesia mengenai valuta asing (Al-Sharf), yang merupakan salah satu alat transaski yang untuk memenuhi kebutuhan dasar manusia di seluruh dunia saat ini. Pembelian dan penjualan mata uang diizinkan selama transaksi yang dilakukan dibayar secara tunai dan nilai tukar mata uang lokal dikonversi ke nilai tukar mata uang yang ditukarkan. Kajian yang dilakukan oleh penulis dengan pendekatan norma dan sumber hukum Islam yang khusus berlaku di Indonesia. Dalam penelitian ini, penulis akan melakukan kajian literatur terhadap buku-buku dan dokumen-dokumen yang membahas tentang perdagangan valuta asing, serta mengkaji dan menganalisisnya dari perspektif hukum ekonomi Islam.
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Azhar, Khairul, Hasdi Aimon, and Selli Nelonda. "EXCHANGE MARKET PRESSURE PENDETEKSI KRISIS KEUANGAN DI INDONESIA." Ecosains: Jurnal Ilmiah Ekonomi dan Pembangunan 4, no. 1 (May 1, 2015): 19. http://dx.doi.org/10.24036/ecosains.10965057.00.
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This study aimed to analyze: (1) Probability of Real Effective Exchange Rate, Foreign Exchange Reserves, Export, Import, loan to deposit ratio, Return to the assets of the financial crisis in Indonesia. Using data from the years 1995 to 2014 times series. This research is using Early warning system using econometric approach, through the Exchange Market Pressure (EMP). These results indicate: (1) Real Exchange Rate Efecctive have significant opportunities to the financial crisis. (2) The foreign exchange reserves have significant opportunities to the financial crisis. (3) Exports have significant opportunities to the financial crisis. (4) imports did not have significant opportunities to financial krissi. (5) The loan to deposit ratio has a significant opportunity to the financial crisis. (6) Return to Asset does not have significant opportunities to the financial crisis. (7) Real Efecctive Exchange Rate, foreign exchange reserves, exports, imports, loan to deposit ratio and Return to Asset jointly chance against the financial crisis in Indonesia.Keyword : Exchange Market Pressure, Early Waring System crises
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Syarifuddin, Ferry, Noer Azam Achsani, Dedi Budiman Hakim, and Toni Bakhtiar. "FOREIGN EXCHANGE EXPECTATIONS IN INDONESIA: REGIME SWITCHING CHARTISTS AND FUNDAMENTALISTS APPROACH." Buletin Ekonomi Moneter dan Perbankan 17, no. 2 (January 29, 2015): 197–220. http://dx.doi.org/10.21098/bemp.v17i2.49.
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In this research, the effect of central bank intervention within a heterogeneous expectation exchange rate model is investigated. The results are supporting both chartists and fundamentalist regimes. In the period investigated, chartist dominates in determining the exchange rate. While BI foreign exchange intervention can effectively push the market exchange-rate to its long-run fundamental equilibrium, however, Bank Indonesia’s effort to exert a stabilizing effect of foreign exchange interventions, the result does not show a success. Keywords: exchange rates, foreign-exchange intervention, switching regression JEL Classification: F31, E52, C24
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Surtikanti, Surtikanti, Asep Saepudin, Yashinta Arizona, and Sri Dewi Anggadini. "The Influence of Capital Adequacy Ratio (CAR) and Net Interest Margin (NIM) on Profitability (Survey on Foreign Exchange Commercial Banks Listed in Indonesia Stock Exchange the Year 2011-2015)." Indonesian Journal of Economics, Social, and Humanities 4, no. 2 (June 8, 2022): 111–22. http://dx.doi.org/10.31258/ijesh.4.2.111-122.
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The study empirically partially the influence of Capital Adequacy Ratio and Net Interest Margin to Profitability (Return On Asset) in listed Foreign Exchange Commercial Banks in Indonesia Stock Exchange from 2011 to 2015. Problems that occur in Foreign Exchange Commercial Banks is the increase Capital Adequacy Ratio and Net Interest Margin but not followed by a rise of the return on assets. The research uses descriptive analysis verification in 24 Foreign Exchange Commercial Banks of sample select by using purposive sampling, so obtained samples 8 Foreign Exchange Commercial Banks with 40 financial reports on listed Foreign Exchange Commercial Banks in Indonesia Stock Exchange from 2011 to 2015. Data analysis technique used is multiple linier regression analysis. These results indicate that the variabel of Capital Adequacy Ratio significantly influence the Profitability (Return On Asset) while Net Interest Margin variabel significantly influence Profitability (Return On Asset) on listed Foreign Exchange Commercial Banks in Indonesia Stock Exchange from 2011 to 2015.
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Candra, Novri, Idris Idris, and Selli Nelonda. "ANALISIS MAKRO EKONOMI TERHADAP CADANGAN DEVISA INDONESIA (MELALUI PENDEKATAN MONETER)." Ecosains: Jurnal Ilmiah Ekonomi dan Pembangunan 4, no. 2 (November 1, 2015): 127. http://dx.doi.org/10.24036/ecosains.10966157.00.
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This study aimed to analyze the change in foreign exchange reserves which are affected by the state of national income, exchange rates, interest rates and inflation. This study was conducted to see the effect of the independent variable on the dependent variable in the long term and short term. The method used is the Error Correction Model (ECM). This study shows that the long-term effects of the variables national income and the exchange rate has a significant positive effect on foreign exchange reserves, while in the short term have a negative effect but not significant. Variable interest rates on long-term have a positive effect but not significant and in the short term have a significant negative effect on foreign exchange reserves. Variable inflation in the long term and short term no significant effect on the foreign exchange reserves. Results Error Correction Term (ECT) in this study amounted to 1,065, which means that in the short-term foreign exchange reserves will undergo considerable change and requires quite a long time to come back into balance.Keyword : Reserves, National Income, Exchange Rates, Interest Rates and Inflation ECM, ECT
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Saputro, Yogie Dahlly, and Aris Soelistyo. "ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI UTANG LUAR NEGERI DI INDONESIA." Jurnal Ilmu Ekonomi JIE 1, no. 1 (March 31, 2017): 45–59. http://dx.doi.org/10.22219/jie.v1i1.5408.
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The purpose of the research is to describe how the influence of budget deficit, foreign exchange reserves, net exports and foreign debt of the previous year against foreign debt in Indonesia. Instrument analysis used is the method linear regression multiple with the methods ols with the data time series.With the methods testing the assumption classical and by test statistics like a test t and F test. The results of the analysis what have been done by researchers the results that on partial foreign exchange reserves (CDV) have had a positive impact and foreign debt of the previous year (ULNt-1) have had a positive impact and influential but not significant is namely the budget deficit (DA) and net exports (NX).Simultaneously of the four variable influential in significant impact on foreign debt.With the coefficients R2 of 99.91. Conclusions from research has been done that the variable that influence the foreign debt in Indonesia is foreign exchange reserves and foreign debt year earlier, and influential but not significant variables to external debt are the budget defisit and net exsport.Keywords: foreign debt , the budget deficit , foreign exchange reserves , net exports
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Rahayu, Dwi Puji, and Firdayetti Firdayetti. "DETERMINAN PENGARUH EKSPOR, IMPOR DAN PRODUK DOMESTIK BRUTO TERHADAP CADANGAN DEVISA INDONESIA." Media Ekonomi 29, no. 1 (October 19, 2021): 13–20. http://dx.doi.org/10.25105/me.v29i1.9113.
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This research is designed analyze the influence of export, import and Gross Domestic Product (GDP) factors on Indonesia's Foreign Exchange Reserves in 1990-2019. In this study we use 30 observations. The dependent variable in this study is Indonesia's foreign exchange reserves, while the independent variableare exports, imports and Gross Domestic Product (GDP). To see the effect of the independent variable on the dependent variable, we use multiple linear regression analysis. Based on the result of determination coefficient, we can conclude that simultaneously all of independent variables (exports, imports and GDP) jointly affect the combined variable (Indonesian foreign exchange reserves) in 1990-2019. The export variable has a positive effect on Indonesia's foreign exchange reserves. Important variables have a significant effect on Indonesia's foreign exchange reserves and the Gross Domestic Product (GDP) variable has a significant effect on Indonesia's foreign exchange reserves.
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Khusnatun, Laeli Lafi, and Dinar Melani Hutajulu. "ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI CADANGAN DEVISA INDONESIA." Ekono Insentif 15, no. 2 (October 31, 2021): 79–92. http://dx.doi.org/10.36787/jei.v15i2.583.
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Abstrak
Cadangan devisa merupakan bagian penting dari perekonomian suatu negara. Besar kecilnya cadangan devisa dapat dipengaruhi oleh nilai ekspor. Tujuan dari penelitian ini yaitu menganalisis pengaruh ekspor, inflasi, BI rate, dan Utang Luar Negeri (ULN) terhadap cadangan devisa, serta menganalisis hubungan kointegrasi antara ekspor, inflasi, BI rate, dan utang luar negeri terhadap cadangan devisa. Penelitian ini menggunakan data sekunder dengan bentuk data time series. Analisis data yang digunakan adalah Error Correction Model (ECM) menggunakan aplikasi Eviews10. Hasil penelitian ini menujukan bahwa yang mempengaruhi cadangan devisa adalah BI Rate dan ULN, serta keseimbangan jangka pendek mempengaruhi keseimbangan jangka panjang.
Abstract
Foreign exchange reserves are an important part of a country's economy. The size of foreign exchange reserves can be influenced by the value of exports. The purpose of this study is to analyze the effect of exports, inflation, BI rate, and External Debt (ULN) on foreign exchange reserves, as well as analyze the cointegration relationship between exports, inflation, BI rate, and foreign debt on foreign exchange reserves. This study uses secondary data in the form of time series data. Analysis of the data used is the Error Correction Model (ECM) using the Eviews10 application. The results of this study indicate that those that affect foreign exchange reserves are the BI Rate and external debt, and the short-term balance affects the long-term balance.
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Mubah, A. Safril. "Japanese Public Diplomacy in Indonesia: The Role of Japanese Agencies in Academic Exchange Programs between Japan and Indonesia." Jurnal Global & Strategis 13, no. 1 (April 8, 2019): 37. http://dx.doi.org/10.20473/jgs.13.1.2019.37-50.
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Japan and Indonesia have developed mutual cooperation in academic exchange programs for the past three decades. Japan acknowledges that student interchange plays a significant role in promoting mutual understanding between Japan and foreign countries. Japanese government expects international students, either those who are still studying in Japan or those who have returned to their home countries, serve as a bridge between their countries and Japan. To achieve this goal, Japanese government employs some agencies to undertake academic exchange programs. In Indonesia, particularly, some Japanese agencies such as Japan Student Services Organization (JASSO), Japan Foundation, and Japan International Cooperation Center (JICE) have played important role in student exchanges. They have various programs to attract Indonesian students getting involved in academic exchanges. This paper describes these agencies’ role in academic exchange programs between Japan and Indonesia. Considering that the Japanese agencies work to promote Japan’s soft power through public diplomacy activities under transgovernmental networks model, I utilize concepts of public diplomacy and transgovernmental networks as a framework for analyzing the case. I argue that Japanese agencies have successfully served as Japanese public diplomacy agents by acting great role in advancing Japan’s soft power through academic exchange activities. However, some challenges appear in the way to achieve Japanese public diplomacy goal to create mutual understanding between Japanese and Indonesian people.
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Susetyo, Didik. "Determinants of Foreign Direct Investment (Fdi) in Indonesia: Short Term and Long Term." Modern Economics 33, no. 1 (June 20, 2022): 72–81. http://dx.doi.org/10.31521/modecon.v33(2022)-10.
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Abstract. Introduction. Foreign capital flows have an important role in a sustainable Indonesian economy, these flows have a significant influence on developing countries, especially Indonesia to encourage increased economic growth. This study focuses on analyzing the determination of macroeconomic variables including economic growth, interest rates, rupiah exchange rates, and the number of residents who subscribe to cellular phones. Purpose. This study focuses on long-term analysis of macroeconomic variables in determining foreign direct investment (FDI). Results. The findings of this study indicate that in the short term economic growth has a positive and significant effect on foreign direct investment. while the rupiah exchange rate, interest rate,s and the number of residents who subscribe to cellular phones have a negative and significant effect on foreign direct investment. while in the long term economic growth has a positive but not significant effect on foreign direct investment. while the interest rate and the number of residents who subscribe to cellular phones have a positive and significant effect. Meanwhile, the rupiah exchange rate in the long term has a negative and significant effect. Conclusions. Based on the short-term estimation, Economic Growth has a positive and significant effect on Foreign Direct Investment. Meanwhile, the Rupiah Exchange Rate, Interest Rate, and Number of Residents Subscribing to Cellular Phones have a negative and significant effect on Foreign Direct Investment and Based on the long-term estimation, Economic Growth has a positive but not significant effect on Foreign Direct Investment. Meanwhile, the interest rate and the number of residents who subscribe to cell phones have a positive and significant effect. Meanwhile, the Rupiah Exchange Rate in the long term has a negative and significant effect.
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Dewi, Cynthia Sari, and Farend Olivia Hutomo. "Determinants of Foreign Direct Investment in Indonesia." Conference Series 3, no. 2 (December 16, 2021): 499–510. http://dx.doi.org/10.34306/conferenceseries.v3i2.616.
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The objective of this research is to investigate the influence of macroeconomic factors such as market size, labor cost, interest rate, exchange rate, trade openness, and inflation to the foreign direct investment in Indonesia. This research uses a quantitative approach with time series data, quarterly from 2006 to 2019. The data is processed using SPSS Statistics 23 software, specifically linear regression analysis method and passed the classical assumption test. Results show that there is a partially significant relationship between market size, labor cost, interest rate, exchange rate, and trade openness to the foreign direct investment, meanwhile inflation does not significantly affect the foreign direct investment. These findings hopefully can help the government to make wiser policies to increase the foreign direct investment.
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Yuliarti, Yuliarti, Hasdi Aimon, and Melti Roza Adry. "GONCANGAN FAKTOR INTERNAL DAN EKSTERNAL TERHADAP INVESTASI ASING LANGSUNG DI INDONESIA." Ecosains: Jurnal Ilmiah Ekonomi dan Pembangunan 6, no. 2 (November 1, 2017): 149. http://dx.doi.org/10.24036/ecosains.11064557.00.
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The purpose of this research to analyze the long-term effects and short-term shocks of internal factors (inflation, economic growth, Indonesian interest rates) and external factors (economic openness, foreign interest rates, exchange rates) to foreign direct investment in Indonesia. The effects and impacts of these shocks will form the basis for decision-making and policy-setting in achieving optimal economic growth. This study uses the Ordinary Least Square (OLS) and Error Correction Model (ECM) method to see the long-term and short-term effects of internal and external factors on foreign direct investment in Indonesia. The data used time series data from fisrt quarterly in 2000 to fourth quarterly in 2016. In more detail, ECM used to analyze short-term shocks. The results show that in the short term the internal factor of inflation caused shocks to foreign direct investment and in the long run, the variable of inflation and economic growth have a significant effect on foreign direct investment. External factors such as: economic openness, foreign interest rate and exchange rate in the short run cause shocks to foreign direct investment, and in the long term the openness of economy and exchange rate have a significant influence.
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Christiawan, Yulius Jogi, and Alfa Rahmiati. "Detecting Earnings Management: A Foreign Exchange Losses (FEL) Model." Asian Journal of Accounting Research 2, no. 1 (May 31, 2017): 11–17. http://dx.doi.org/10.1108/ajar-2017-02-01-b003.
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Foreign exchange losess bear some pressures for numerous companies in Indonesia particularly for those having liabilities denominated in foreign currencies. This occurs when Indonesian Rupiah (IDR) current exchange rate has weakened against foreign currencies. Related to those phenomenon, this study aims to investigate model earnings management actions using foreign exchange losses (FEL) which provides a method for the detection of earnings management. By employing a quantitative approach, this study used secondary data of financial statements. The data were collected from 50 companies with the largest market capitalisation, 50 of the most active companies based on trading volume, 50 of the most active companies based on the value of trade and 50 of the most active companies by frequency trading. Totally, 200 public companies listed in Indonesia Stock Exchange were gained as the data based on IDX statistical report 2013. The results identify that FEL model is capable to detect earnings management from a transaction in foreign exchange losses. However, the model cannot capture the phenomenon of earnings management if the company does not own or reported long-term debt and profit/loss on foreign exchange. To prove whether the manager will perform earnings management from FEL, it is suggested to conduct further research using the hypothesis of positive accounting theory (PAT).
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Erwina, Tiara, Haryadi Haryadi, and Candra Mustika. "Pengaruh neraca transaksi berjalan, transaksi modal dan utang luar negeri terhadap cadangan devisa Indonesia." e-Jurnal Perspektif Ekonomi dan Pembangunan Daerah 7, no. 2 (August 22, 2018): 57–70. http://dx.doi.org/10.22437/pdpd.v7i2.6891.
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This study aims to analyze: 1) developments in foreign exchange reserves, current account balance, capital transaction and foreign debt; 2) the influence of the current account balance, capital transactions and foreign debt on Indonesia's foreign exchange reserves. The data used is secondary data in the form of time series. The results of the study found that: 1) the average development of Indonesia's foreign exchange reserves during the period 1998-2016 was 31.60 percent per year, the current account balance was -28 percent per year, the capital account balance was 46 percent per year and foreign debt was 6.07 percent experienced a surplus from year to year but there was a deficit over the past five years; 2) Simultaneously, the current account balance, capital transactions and foreign debt have a significant effect on Indonesia's foreign exchange reserves. However, only partially, the capital account balance and foreign debt have a significant effect on Indonesia's foreign exchange reserves.
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Sri Herianingrum, Khalwat Asyaria, Risanda A. Budiantoro,. "Analisis Neraca Perdagangan Terhadap Cadangan Devisa di Indonesia (1975-2016)." Jurnal Ekonomi 24, no. 2 (September 26, 2019): 304. http://dx.doi.org/10.24912/je.v24i2.595.
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Foreign exchange reserves are assets of a central bank that are stored in foreign currencies such as dollars, euros, yen and are used for international trade and funding the country's economy. The size of the country's foreign exchange reserves depends on the strength of its exports and imports both oil and gas and non-oil and gas. Regarding the purpose of this study to analyze the allocation of oil and gas and non-oil gas trade to the volatility of foreign exchange reserves in Indonesia, 1975-2016. This study used secondary data from the Badan Pusat Statistik and World Bank reports using quantitative analysis (multiple linear regression test). The results of the study show that non-oil exports and imports have a significant negative effect on the volatility of foreign exchange reserves. While for oil and gas exports and imports it has a negative and insignificant effect.
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Monita, Siska, and Devi Andriyani. "PENGARUH EKSPOR DAN IMPOR MINYAK MENTAH TERHADAP CADANGAN DEVISA DI INDONESIA TAHUN 1996-2018." JURNAL EKONOMIKA INDONESIA 10, no. 1 (July 13, 2021): 44. http://dx.doi.org/10.29103/ekonomika.v10i1.4508.
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This study aims to analyze the effect of exports and imports of crude oil on foreign exchange reserves in Indonesia from 1996 to 2018. This study uses secondary data and multiple linear regression to analyze the data. The results partially show that crude oil exports have a negative and significant effect on foreign exchange reserves, and Crude oil imports have a positive and significant effect on the foreign exchange reserve. Simultaneously, exports of crude oil and imports of crude oil have a positive and significant effect on foreign exchange reserves in Indonesia. The amount of influence is 0.7661 or 76.61%, while the rest is influenced by other variables outside the model of 23.39%. Bank Indonesia should maintain the balance of foreign exchange reserves, and the Government can provide policies to the public, especially those who are going to the export to find it easier to fulfill the requirements and must suppress imports growthKeywords:Crude Oil Exports, Crude Oil Imports, Foreign Exchange Reserves.
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Silaban, Putri Sari M. J. "ANALISIS PENGARUH EKSPOR DAN UTANG LUAR NEGERI TERHADAP CADANGAN DEVISA DI INDONESIA PERIODE 2000-2021." Niagawan 11, no. 3 (November 6, 2022): 202. http://dx.doi.org/10.24114/niaga.v11i3.35877.
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The purpose of this study is to analyze the effect of exports and international debt on Foreign Exchange Reserves in Indonesia in 2000-2021. The data used in this study is secondary data time series obtained from the Badan Pusat Statistik and Bank Indonesia. The data analysis used is the classical assumption test (normality test, multicollinearity test, heteroscedasticity test and autocorrelation test), multiple linear regression and statistical tests (test coefficient of determination (R²), t test and F test) using the E-Views 10 application as analysis tool. Our results obtained Exports and Foreign Debt By simultaneously affect the foreign exchange reserves in Indonesia with a significance level α = 5% probability of F statistics obtained value probability of F statistics obtained value <α (0.05) ie 0.000 <0.05. Partially Export positive and significant impact on foreign exchange reserves, and Foreign Debt positive and significant impact on foreign exchange reserves. Variations of factors that influence the foreign exchange reserves is explained by exports and the Foreign Debt jointly effect of 96%. This means that approximately 94% of foreign exchange reserves is explained by the variable Exports and Foreign Debt.
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Wahyuningsih, Diah, and Uun Primangesti Ningsih. "The Effect of Foreign Debt on The Exchange Rate and Its Impact on Monetary Policy in Indonesia." Media Trend 14, no. 1 (April 2, 2019): 128–35. http://dx.doi.org/10.21107/mediatrend.v14i1.5047.
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The objectives of this study are to analyze the effect of foreign debt on the exchange rate that seen from the foreign debt and the exchange rate, and add the variable of inflationary monetary policy and the interest rate of BI Rate to test its impact on monetary policy in Indonesia. The approach in this study is quantitative approach. Data that used are Time Series data from Asian Development Bank and Indonesian World Bank in 1986-2013. Variables that used are exchange rate, foreign debt, inflation and the interest rate of BI Rate. Method that used in this study is Vector Auto Regression (VAR) analysis. The stages that used in this study testing are stationary test, optimal lag test, Granger causality test, impulse response test, and variance decomposite test in Eviews 6 program. The results of Granger causality test of all variables in this study are unlikely to have a relationship and there are only two variables that give an effect.Based on the results of Granger causality, it shows that there is bidirectional between foreign debt variable that has an effect on the exchange rate in Indonesia and the exchange rate has an effect on the foreign debt in Indonesia. While the foreign debt has an effect on the interest rate of BI Rate. For the results of impulse response test show that the exchange rate variable gives the biggest respond to the shock of foreign debt variable, compared to inflation and the interest rate of BI Rate variables. The results of Variance decomposite show that the contribution which given by foreign debt variable on the exchange rate is relatively bigger compared to the contribution that given by inflation and the interest rate of BI Rate variables.
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Fairuuz, Nabila, Fachru Nofrian, and Desmintari Desmintari. "Peranan Jumlah Wisatawan Asing, Nilai Tukar, dan PMDN dalam Sektor Pariwisata terhadap Pendapatan Devisa Pariwisata Indonesia." Jurnal Indonesia Sosial Sains 3, no. 4 (April 21, 2022): 694–707. http://dx.doi.org/10.36418/jiss.v3i4.570.
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Foreign exchange reserves have many indicators that affect their income, one of which is the tourism sector. The tourism sector has an important role as a source of foreign exchange reserves. Tourism activities create demand, both consumption and investment, which can increase the income of foreign exchange reserves in Indonesia. This study uses data from 1990 to 2019. The method used in this study is a multiple linear regression analysis model using the OLS method. The results of multiple linear regression analysis show that (1) there is a significant influence between the number of foreign tourists on tourism foreign exchange (2) there is a significant influence between the exchange rate on tourism foreign exchange (3) there is a significant influence between domestic investment in the hotel sector and restaurants to tourism foreign exchange.
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Astuty, Fuji. "Pengaruh Produk Domestik Bruto, Ekspor Dan Kurs Terhadap Cadangan Devisa Di Indonesia." JPEK (Jurnal Pendidikan Ekonomi dan Kewirausahaan) 4, no. 2 (December 25, 2020): 301–13. http://dx.doi.org/10.29408/jpek.v4i2.2998.
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This study aims to analyze the effect of gross domestic product, exports and exchange rate on foreign exchange reserves in Indonesia. This research is in the form of quantitative based on quantitative data and is associative to see the relationship between variables or more. The data used is time series data from 2001 to 2018 using Eviews 9.0. And sourced from Bank Indonesia, the Central Bureau of statistics and the Federal Reserve Bank of St. Louis. This research uses data analysis technique is multiple linear analysis. The results showed that the variables of gross domestic product, exports and exchange rates have a positive and significant effect on Indonesia’s foreign exchange reserve. The R-square value in this study is 95.36, indicating that 95,36% of the variation in foreign exchange reserves can be explained by the gross domestic product, exchange rates and exports, while the remaining 4.64% is explained by other variables outside of this research model
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Maltio, Maltio, Melti Roza Adry, and Yeniwati Yeniwati. "ANALISIS KAUSALITAS OUTPUT, KURS, SUKU BUNGA DAN INFLASI DENGAN INVESTASI ASING DI INDONESIA." Ecosains: Jurnal Ilmiah Ekonomi dan Pembangunan 4, no. 2 (November 1, 2015): 143. http://dx.doi.org/10.24036/ecosains.10966257.00.
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This study investigates the relationship among output, exchange rate, interest rate (BI rate) and inflation with foreign investment (FDI), in Indonesia. The relationship among that variables is very important, because Indonesia getting start to optimize the growth economic arising out of crisis.This study used a VAR model to see causality output, exchange rate, interest rate (BI rate) and inflation with foreign investment (FDI). The data used is the time series data from 2003: 1-2014: 3 collected through documentation of relevant government agencies. In more detail, the technique used is the Vector Autoregression (VAR) to analyze the causal relationship.The results obtained indicate that foreign direct investment (FDI) has a causal relationship with the output. But there was no causal relationship between foreign direct investment (FDI) with the exchange rate, interest rate (BI rate) and inflation only unidirectional relationship in which foreign investment (FDI) effect on the exchange rate and foreign investment affect the BI rate.Keyword : foreign investment, exchange rates, interest rate ad inflation
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Rangkuty, Dewi Mahrani, Rusiadi Rusiadi, and Kiki Ramadhani. "Analisis Fluktuasi Cadangan Devisa: studi kasus Indonesia, Vietnam, dan Malaysia." Ecosains: Jurnal Ilmiah Ekonomi dan Pembangunan 9, no. 1 (May 4, 2020): 1. http://dx.doi.org/10.24036/ecosains.11549457.00.
Full textAbstract:
This study aims to analyze of fluctuations in foreign exchange reserves in three developing countries using time series data for the period 2000-2018 with the Research Method Of Panel Autoregressive Distributed Lag (ARDL). The results showed that foreign exchange reserves were the leading indicator in three developing countries (Indonesia, Vietnam, and Malaysia) but were unstable in the short run. In the long and short term, significant variables affect fluctuations in foreign exchange reserves in three developing countries, namely exports and foreign debt. It is recommended to the Government to increase exports rather than imports to increase gold reserves which can later increase output towards economic growth.