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Pengaruh Nilai Tukar, Produk domestik Bruto dan Neraca Transaksi Berjalan Terhadap Cadangan Devisa di ASEAN-5 Desta Akasta; Bima Hardi
Miftah : Jurnal Ekonomi dan Bisnis Islam Vol. 4 No. 1 (2026): April 2026
Publisher : Yayasan Pondok Pesantren Sunan Bonang Tuban

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61231/1ex2zv74

Abstract

This study was conducted with the aim of determining the effect of Exchange Rate, Gross Domestic Product, and Current Account Balance on Foreign Exchange Reserves in ASEAN-5, both partially and simultaneously. This study used 5 countries in ASEAN consisting of Indonesia, Malaysia, Singapore, Thailand, and the Philippines. The research period used a quantitative approach with an associative research nature. Research data from 2017-2024. The sampling technique used purposive sampling, then produced 40 observational data generated from 5 countries over 8 years. Data were collected using secondary data and library research. This study used panel data linear regression analysis to analyze the data. The results of the study partially showed that the exchange rate and current account balance had no effect on foreign exchange reserves, while gross domestic product had a significant effect on foreign exchange reserves. Simultaneously, it showed that the exchange rate, gross domestic product, and current account balance had a significant effect on foreign exchange reserves in ASEAN-5.