ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI CADANGAN DEVISA(STUDI KASUS DI INDONESIA DAN CHINA)
Abstract
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,
Full Text:
PDFReferences
Agustina dan Reny. 2014. Pengaruh Ekspor, Impor, Nilai Tukar Rupiah, Dan Tingkat Inflasi Terhadap Cadangan Devisa Indonesia. Jurnal Wira Ekonomi Mikroskil Vol.4 No.2
Augustine C. Osigwe, Maria Chinecherem Uzonwanne : Causal Relationship among Foreign Reserves, Exchange Rate. Jurnal
Badan Pusat Statistik Indonesia. 2014. Statistik Indonesia. 1980-2016
Deki, Pan Budi Marwoto, dan Marheni. 2017. Analisis Pengaruh Investasi Portofolio, Kurs USD/IDR, Utang Luar Negeri, dan Neraca Perdagangan Terhadap Posisi Cadangan Devisa di Indonesia. Jurnal Ilmiah Progresif Manajemen Bisnis Vol.16 No.2
Dornbush, Rudiger, 2008. Makroekonomi. Jakarta : PT. Media Global Edukasi
Gujarati, Damodar N dan Dawn C. Porter. 2010. Dasar-Dasar Ekonometrika, Edisi 9 Buku 1. Jakarta: Salemba Empat
Iskandar, Simorangkir. 2014. Pengantar Kebanksentralan: Teori Dan Pratik Di Indonesia. Edisi Pertama. Cetakan Kedua. Jakarta: Penerbit Rajawali Pers
Krugman, Paul., and Obstfeld, Maurice. (1999). Ekonomi Internasional : Teori Dan Kebijakan. Buku Pertama : Perdagangan. Edisi Kedua. Jakarta : PT: Raja Grafindo
____________. (2003). Ekonomi Internasional : Teori Dan Kebijakan. Buku Pertama : Perdagangan. Edisi Kedua. Jakarta : PT: Raja Grafindo
Mankiw, N. Gregory (2003). Teori Makroekonomi Edisi Kelima. Terjemahan. Jakarta: Penerbit Erlangga.
____________. (2007). Makroekonomi. Edisi Keenam. Jakarta: Erlangga.
Mega Febriyenti(2013), Faktor-faktor yang mempengaruhi cadangan devisa dan net ekspor di Indonesia. Jurnal
Nopirin, Ph,D. 1998. Ekonomi Moneter. Buku II. Edisi Kesatu. Cetakan Keenam Belas. Yogyakarta: Penerbit BPFE Yogyakarta
Sayago, Pundy dan Syamsurujal Tan. 2017. Analisis Cadangan Devisa Indonesia dan Faktor-Faktor Yang Mempengaruhinya. Jurnal Paradigma Ekonomi. Vol.12. No.1
Sukirnno, Sadono .(2002). Pengantar Teori Mikroekonomi. Jakarta : Raja Grafindo Persada
Yugang, He. 2017. A Study on the Impact of some Factors on Holdings of Foreign Exchange Reserve in China. American International Journal of Humanities and Social Science. Vol.3.No.5.
DOI: http://dx.doi.org/10.24036/jkep.v1i1.5363