eprintid: 77183 rev_number: 10 eprint_status: archive userid: 12460 dir: disk0/00/07/71/83 datestamp: 2026-06-30 04:04:36 lastmod: 2026-06-30 04:04:36 status_changed: 2026-06-30 04:04:36 type: thesis metadata_visibility: show contact_email: muh.khabib@uin-suka.ac.id creators_name: Nala Syifa Dewanti, NIM.: 24208011027 title: DETERMINAN PERDAGANGAN INTERNASIONAL DI NEGARA CENTRAL BANK DIGITAL CURRENCY (CBDC) TAHAP PILOT DENGAN KUALITAS INSTITUSI SEBAGAI VARIABEL MODERASI ispublished: pub subjects: 332 divisions: ek_syarS-2 full_text_status: restricted keywords: Perdagangan Internasional, Central Bank Digital Currency, Digital Financial inclusion, Kualitas Institusi note: Prof. Dr. H. Syafiq Mahmadah Hanafi., M.Ag. abstract: 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. date: 2026-05-25 date_type: published pages: 135 institution: UIN SUNAN KALIJAGA YOGYAKARTA department: FAKULTAS EKONOMI DAN BISNIS ISLAM thesis_type: masters thesis_name: other citation: Nala Syifa Dewanti, NIM.: 24208011027 (2026) DETERMINAN PERDAGANGAN INTERNASIONAL DI NEGARA CENTRAL BANK DIGITAL CURRENCY (CBDC) TAHAP PILOT DENGAN KUALITAS INSTITUSI SEBAGAI VARIABEL MODERASI. Masters thesis, UIN SUNAN KALIJAGA YOGYAKARTA. document_url: https://digilib.uin-suka.ac.id/id/eprint/77183/1/24208011027_BAB-I_IV-atau-V_DAFTAR-PUSTAKA.pdf document_url: https://digilib.uin-suka.ac.id/id/eprint/77183/2/24208011027_BAB-II_sampai_SEBELUM-BAB-TERAKHIR.pdf