Skripsi
PENGARUH PORTFOLIO INVESTMENT DAN PINJAMAN LUAR NEGERI TERHADAP CADANGAN DEVISA DI INDONESIA PERIODE 1989-2009
Foreign Exchange reserves constitute an important monetary indicator to show how strong the fundamental economics of a country is and it is important for its import activity, debt payment, and speculation. Lack amount of foreign exchange reserves of country is one of the causes for the high level of economics vulnerability. Without the strong teserves, this country may collapse due to global conditions. The foreign monetary reserves present a credible government in its economics standing. When the reserves grow less and less, this will cause the government unable to pay its debts. Ideally, the reserves increase steadily and structure of international transactions supports such condition. A group of people should not influence such condition to sway. This research was intended to identify the influence of portfolio investment and external debt on the foreign exchange reserve of Indonesia. The data were collected from 1989-2000 offlcial sources of Bank Indonesia, Ordinary Least Square (OLS) method was used and multiple regression analysis was applied The result of multiple regression show that portfolio investment and external debt of the previous year positively and significantly influenced the foreign exchange as much 73,05%, while the r es t of 26,95% was caused by other variables. The Partial Adjustment Model (PAM)’s regression computation shows that portfolio investment influenced the foreign exchange reserves positively and significantly whereas the previous external debt did so, but not significantly.
Inventory Code | Barcode | Call Number | Location | Status |
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1107000623 | T49242 | T492422011 | Central Library (REFERENCES) | Available but not for loan - Not for Loan |
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