%0 Thesis
%9 Masters
%A Nala Syifa Dewanti, NIM.: 24208011027
%B FAKULTAS EKONOMI DAN BISNIS ISLAM
%D 2026
%F digilib:77183
%I UIN SUNAN KALIJAGA YOGYAKARTA
%K Perdagangan Internasional, Central Bank Digital Currency,  Digital Financial inclusion, Kualitas Institusi
%P 135
%T DETERMINAN PERDAGANGAN INTERNASIONAL DI NEGARA CENTRAL BANK DIGITAL CURRENCY (CBDC) TAHAP PILOT DENGAN KUALITAS INSTITUSI SEBAGAI VARIABEL MODERASI
%U https://digilib.uin-suka.ac.id/id/eprint/77183/
%X This study analyzes the impact Digital Financial Inclusion (DFI), exchange rates,  Foreign Direct Investment (FDI), and tariffs on international trade, as well as to  examine the role of Institutional Quality in moderating these relationships in  countries currently in the pilot phase of Central Bank Digital Currency (CBDC).  The study is grounded in the New Trade Theory as its overarching framework. The  study employs a quantitative approach using panel data from 20 CBDC pilot-phase  countries over the 2005–2024 period. The analysis utilizes panel data regression  with a Moderated Regression Analysis (MRA) approach. The results indicate that  tariffs have a negative effect on international trade, while Foreign Direct Investment  has a positive effect on international trade. The moderation results indicate that  Institutional Quality moderates the effects of DFI and FDI. These findings suggest  that the success of increasing international trade in CBDC pilot-phase countries is  determined not only by digital transformation and economic policies but also by  institutional quality, which creates a stable, efficient, and supportive economic  environment for global trade integration.
%Z Prof. Dr. H. Syafiq Mahmadah Hanafi., M.Ag.