PENGARUH PENANAMAN MODAL ASING, NET EXPORT DAN DEBT SERVICE RATIO (DSR) TERHADAP CADANGAN DEVISA INDONESIA TAHUN 2007-2021

This research aims to determine and analyze the influence of: (a) How is the partial influence of Foreign Direct Investment (FDI), Net Export, and Debt Service Ratio (DSR) on Indonesia's foreign exchange reserves 2007-2021. (b) What is the influence of Foreign Direct Investment (FDI), Net Exports, and Debt Service Ratio (DSR) together on Indonesia's foreign exchange reserves in 2007-2021. The method used in this research is the OLS method with multiple linear regression and hypothesis testing using partial tests (t tests) and joint tests (F tests). The research results show that: (a) partially Foreign Direct Investment (FDI) has a positive relationship and has a significant effect on foreign exchange reserves, Net Exports has a negative relationship and has an insignificant effect on foreign exchange reserves in 2007-2021; The Debt Service Ratio has a positive relationship and has an insignificant effect on foreign exchange reserves in 2007-2021 (b) together, Foreign Direct Investment (FDI), Net Export and Debt Service Ratio (DSR) have a significant effect on Indonesia's foreign exchange reserves in 2007-2021 . The conclusion of this research is that Foreign Direct Investment (FDI), Net Export and Debt Service Ratio have a positive relationship, so they have a multiplier effect on foreign exchange reserves, namely if Foreign Direct Investment (FDI), Net Export and Debt Service Ratio (DSR) increase then foreign exchange reserves will rise

Keywords: Foreign Direct Investment (FDI), Net Export, Debt Service Ratio (DSR), Foreign Exchange Reserves.