ANALISIS CADANGAN DEVISA DI INDONESIA TAHUN 1985-2014 (Pendekatan Error Correction Model)

Abstract

This study aimed to analyze whether the relationship of short-term and long-term to changes in foreign exchange reserves pengeruhi by changes in economic growth, changes in Foreign Currency Exchange Rates, Interest Rate changes SBI and Economic Crisis. This study uses data from 1985 - 2014. The method of analysis in this study using the Error Correction Model.
In the short term, changes in foreign exchange reserves is influenced by economic growth. SBI rate. Foreign exchange rates only insignificant teradap foreign exchange reserves itself. The results of the analysis by the method of Error Correction Model (ECM) shows that in the long term relationship between changes in foreign exchange reserves with economic growth, changes in Exchange Rates, Interest Rate SBI change is significant
Keywords: Foreign Exchange Reserves. Economic growth. Foreign Exchange Rates. InterestRates and Economic Crisis in 1998