o:6446 Monetary and financial cash flows as drivers of foreign direct investments at the global level en 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. Keywords: cash flows, direct investment financial institutions, financial instruments 1552099 10.5937/intrev2202013R 2024-12-09T11:37:00.120Z 44 yes 46 Mirjana Radović-Marković Fakultet za ekonomiju i inženjerski menadžment u Novom Sadu 0000-0003-2002-8732 Tamara Vesić person Marija Đekić person 2022 application/pdf 881212 https://unilib.phaidrabg.rs/o:6446 no yes 16 70 1552253 2022 International Review 1-2 10 16 2022