International Review number: 1-2 startpage: 10 endpage: 16 Keywords: cash flows, direct investment financial institutions, financial instruments application/pdf 881212 bytes Radović-Marković, Mirjana Vesić, Tamara Đekić, Marija АBSТRАCТ: Following the 2008 economic crisis, there was a reassessment of the cross-border flow of capital and the policies that affect that capital. First, large, and volatile capital flows have created tensions between macroeconomic and financial stability. Second, investors’ appetite for risk declines after the recent economic crisis. Various analyses show that this trend was reversed by 2014, with emerging and developing economies accounting for just under 60% of world GDP, while the share of advanced economies was just over 40%. In this paper, we analyse the flow of capital in modern cash flows, following the example of large financial systems. The aim of this paper is to determine how cash flows have moved from the world wars until today through financial institutions, and with the help of financial instruments. Monetary and financial cash flows as drivers of foreign direct investments at the global level 2022 http://creativecommons.org/licenses/by/4.0/legalcode https://unilib.phaidrabg.rs/o:6446 doi:10.5937/intrev2202013R info:eu-repo/semantics/article eng