TY - THES N1 - Muh. Rudi Nugroho, S.E., M.Sc ID - digilib69768 UR - https://digilib.uin-suka.ac.id/id/eprint/69768/ A1 - Diandra Sabina Salzabillah, NIM.: 21108010140 Y1 - 2025/01/17/ N2 - This study aims to analyze the effects of macroeconomic variables, namely exports, external debt, inflation, and imports, on Indonesia's foreign exchange reserves during the 2011?2023 period. The research employs the Error Correction Model (ECM) to examine the short-term and long-term relationships between these variables. Using quarterly data from 2011 to 2023, the findings indicate that in the short term, exports and external debt have a significant positive impact on foreign exchange reserves, while inflation has a significant negative impact, and imports show no significant effect. In the long term, exports and external debt maintain a significant positive influence, whereas inflation and imports exert a significant negative influence on foreign exchange reserves. Simultaneously, all variables collectively affect Indonesia's foreign exchange reserves in both the short and long term. These findings highlight the importance of sound macroeconomic policies in maintaining foreign exchange reserve stability and supporting national economic growth. PB - UIN SUNAN KALIJAGA YOGYAKARTA KW - Cadangan Devisa KW - Ekspor KW - Impor KW - Inflasi KW - Utang Luar Negeri KW - Error Correction Model M1 - skripsi TI - ANALISIS PENGARUH VARIABEL MAKROEKONOMI TERHADAP CADANGAN DEVISA INDONESIA 2011-2023 AV - restricted EP - 186 ER -