WSEAS Transactions on Business and Economics
Print ISSN: 1109-9526, E-ISSN: 2224-2899
Volume 20, 2023
Long-Term Impact of Inflation and Macroeconomic Variables on Foreign Exchange Reserves in the Organization of Islamic Corporation
Authors: Heru Wahyudi, I Wayan Suparta, Widia Anggi Palupi
Abstract: This study examines the long-term influence of inflation variables, Gross Domestic Product (GDP), exports, imports, and remittance receipts in 7 countries of the Organization of Islamic Cooperation (OIC). This research is expected to contribute to OIC countries related to increasing foreign exchange reserves through inflation control, increasing export diversification, decreasing imports, and increasing remittances while still paying attention to people working abroad. Thus, it can improve the economic level of the OIC country and support international peace and security and protect the holy places of Muslims.
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Keywords: Exports, FMOLS, Foreign Exchange Reserves, GDP, Import, Inflation, Remittances
Pages: 1755-1768
DOI: 10.37394/23207.2023.20.155
WSEAS Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 20, 2023, Art. #155