Pengaruh Ekspor, Impor, Jumlah Uang Beredar dan Inflasiterhadap Cadangan Devisa Indonesia Periode April 2012-Juni 2017

Abstract

This research entitled "The Influence of Export, Import, Total Money Supply and Inflation toward Foreign Exchange Reserve Period April 2012 - June 2017". This study was conducted with the aim of analyzing and knowing the amount of export, import, money supply and inflation to foreign exchange reserves for the period April 2012 - June 2017. This study used time series secondary data in period April 2012 - June 2017 from the Bank Indonesia and the Central Statistics Agency. Analytical method used was partial adjustment model (PAM) regression. Based on the result of partial adjustment model (PAM) test showed that export variables had a positive significant effect to Indonesia's foreign exchange reserves both in the short and long term, the import variable and the money supply had no effect towards Indonesia's foreign exchange reserves in the short and long term period. Meanwhile, inflation variable influenced significanly negative toward Indonesia's foreign exchange reserves in both short and long term period.