Analysis of the Effect of Foreign Debt, Trade Balance and Foreign Investment on the Amount of Foreign Exchange Reserves in Indonesia

Eka Nurrohim; Nia Enggrasari; Fitri Azzahro; Aminudin Ma’ruf

doi:10.2991/978-2-38476-317-7_152

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Analysis of the Effect of Foreign Debt, Trade Balance and Foreign Investment on the Amount of Foreign Exchange Reserves in Indonesia

Authors

Eka Nurrohim¹, Nia Enggrasari¹, Fitri Azzahro¹, Aminudin Ma’ruf¹^{, *}

¹State University Of Surabaya, Surabaya, East Java, Indonesia

^*Corresponding author. Email: aminudinmaruf@unesa.ac.id

Corresponding Author

Aminudin Ma’ruf

Available Online 13 February 2025.

DOI: 10.2991/978-2-38476-317-7_152 How to use a DOI?
Keywords: External Debt; Trade Balance; Foreign Investment; Foreign Exchange Reserves
Abstract: Foreign exchange reserves are one of the macroeconomic indicators that play a role in determining national economic stability through its role as a medium of exchange for international economic activity and its influence on the stability of currency exchange rates. Through this study, researchers want to see the effect of Foreign Debt, Trade Balance Value, and Foreign Investment on the amount of Indonesia’s Foreign Exchange Reserves in 2010–2022. By using the Ordinary Least Square (OLS) analysis method. Subsequently, the findings indicated that over the 2010–2022 period, every variable had an important effect on Indonesia’s foreign exchange reserves. The foreign debt variable and the value of the trade balance have a positive influence while the foreign investment variable has a negative impact. The value of R² in the OLS model shows a figure of 89% so all variables are correlated with the value of R² while the remaining 11% is another variable that affects foreign exchange reserves outside the modeling.
Copyright: © 2025 The Author(s)
Open Access: Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title: Proceedings of the International Joint Conference on Arts and Humanities 2024 (IJCAH 2024)
Series: Advances in Social Science, Education and Humanities Research
Publication Date: 13 February 2025
ISBN: 978-2-38476-317-7
ISSN: 2352-5398
DOI: 10.2991/978-2-38476-317-7_152 How to use a DOI?
Open Access: Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

ris enw bib

TY  - CONF
AU  - Eka Nurrohim
AU  - Nia Enggrasari
AU  - Fitri Azzahro
AU  - Aminudin Ma’ruf
PY  - 2025
DA  - 2025/02/13
TI  - Analysis of the Effect of Foreign Debt, Trade Balance and Foreign Investment on the Amount of Foreign Exchange Reserves in Indonesia
BT  - Proceedings of the International Joint Conference on Arts and Humanities 2024 (IJCAH 2024)
PB  - Atlantis Press
SP  - 1602
EP  - 1609
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-317-7_152
DO  - 10.2991/978-2-38476-317-7_152
ID  - Nurrohim2025
ER  -

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