relation: https://eprints.untirta.ac.id/51218/
title: ANALISIS DETERMINAN CADANGAN DEVISA DI KAWASAN ACFTA: STUDI EMPIRIS PERIODE 2005-2023
creator: RAHMADHANI, MUNTIARA PUTRI
subject: HB Economic Theory
subject: HC Economic History and Conditions
subject: HG Finance
description: Foreign exchange reserves are a vital indicator that reflects a country's economic  resilience, particularly in facing external pressures. These reserves can be  influenced by various economic factors, including monetary policy, trade policy,  and external sector activities. This study aims to analyze the effects of Central Bank  Policy Rates, Exchange Rates, Inflation, Manufactured Exports, Manufactured  Imports, Foreign Direct Investment, and Tariff Policy on Foreign Exchange  Reserves in both the long term and short term within the ASEAN-China Free Trade  Area (ACFTA) from 2005 to 2023. The study employs the Pooled Mean Group  (PMG) method using panel data from several ACFTA member countries. The results  indicate that in the long term, Central Bank Policy Rates, Exchange Rates,  Manufactured Exports, Foreign Direct Investment, and Tariff Policy have a positive  and significant impact on Foreign Exchange Reserves, while Inflation and  Manufactured Imports have a negative and significant effect. In the short term,  Central Bank Policy Rates and Tariff Policy have a negative and significant  influence on Foreign Exchange Reserves at certain lags. Inflation shows a positive  and significant effect at certain lags. Meanwhile, other variables such as Exchange  Rates, Manufactured Exports, Manufactured Imports, and Foreign Direct  Investment do not exhibit a significant impact on Foreign Exchange Reserves in the  short term.
date: 2025
type: Thesis
type: NonPeerReviewed
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identifier: https://eprints.untirta.ac.id/51218/3/Muntiara%20Putri%20Rahmadhani_5553210045_Fulltext.pdf
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identifier: https://eprints.untirta.ac.id/51218/4/Muntiara%20Putri%20Rahmadhani_5553210045_CP.pdf
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identifier: https://eprints.untirta.ac.id/51218/5/Muntiara%20Putri%20Rahmadhani_5553210045_01.pdf
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identifier: https://eprints.untirta.ac.id/51218/7/Muntiara%20Putri%20Rahmadhani_5553210045_03.pdf
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identifier: https://eprints.untirta.ac.id/51218/8/Muntiara%20Putri%20Rahmadhani_5553210045_04.pdf
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identifier: https://eprints.untirta.ac.id/51218/9/Muntiara%20Putri%20Rahmadhani_5553210045_05.pdf
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identifier: https://eprints.untirta.ac.id/51218/10/Muntiara%20Putri%20Rahmadhani_5553210045_Ref.pdf
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identifier: https://eprints.untirta.ac.id/51218/11/Muntiara%20Putri%20Rahmadhani_5553210045_Lamp.pdf
identifier:   RAHMADHANI, MUNTIARA PUTRI  (2025) ANALISIS DETERMINAN CADANGAN DEVISA DI KAWASAN ACFTA: STUDI EMPIRIS PERIODE 2005-2023.  S1 thesis, UNIVERSITAS SULTAN AGENG TIRTAYASA.