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Analysis of The Effect of Exports, Exchange, and Foreign Debt on Devisa Reserves (Case Study of 11 Southeast Asian Countries)

Authors
  • Agnes Delvia Program Studi Ekonomi Pembangunan, Fakultas Ekonomi dan Bisnis Universitas Sumatera Utara, Medan 20155, Indonesia
  • Sukma Hayati Hakim Program Studi Ekonomi Pembangunan, Fakultas Ekonomi dan Bisnis Universitas Sumatera Utara, Medan 20155, Indonesia
Issue       Vol 8 No 1 (2025): Talenta Conference Series: Local Wisdom, Social, and Arts (LWSA)
Section       Articles
Section      

Copyright (c) 2025 Talenta Conference Series

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This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
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DOI: https://doi.org/10.32734/lwsa.v8i1.2398
Keywords: Export Exchange Rate Foreign Debt Foreign Exchange Reserves
Published 2025-02-28

Abstract

This study aims to analyze the effect of exports, exchange rates, and foreign debt both partially and simultaneously on foreign exchange reserves in 11 Southeast Asian countries.  The type of research used is descriptive quantitative, which is a descriptive approach with a quantitative approach.  In this study the data used is panel data.  The focus of the study locations selected in this study amounted to 11 countries in Southeast Asia.  Data collection in this study used secondary data in the 2018-2022 period sourced from the IMF and World Bank.  The results showed that simultaneously the independent variables of Exports, Exchange Rates, and Foreign Debt jointly affect the Foreign Exchange Reserves of Southeast Asian countries.  Partially, it is known that the Export variable has a positive and significant effect on Foreign Exchange Reserves.  The exchange rate partially has no significant effect on foreign exchange reserves.  Foreign Debt has a positive and significant effect on Foreign Exchange Reserves.