| Resumo: | The importance of both inward and outward FDI for the economy has been proven in the economic literature. High fluctuations of the volumes of FDI inflows and outflows since 1997 and its causes have raised even a greater interest of scholars and researchers in the economic field. A number of factors have been found to have an impact on the flows of FDI, one of them being monetary policy, however, there are no studies testing the relationship between the quality of money and FDI. Therefore, the aim of this thesis is to analyse such relationship in terms of both inward and outward FDI in Euro area, Japan and USA in the period from 1999 to 2019. For the purpose of empirical research, a multidimensional indicator of the quality of money has been created and its impact on inward and outward FDI was empirically tested. The results of the composite indicator of the quality of money reveal that over the period from 1999 the quality of Euro has decreased, the quality of Yen remained almost unchanged, and the quality of US dollar has increased. The results of empirical study confirm that there is statistically significant relationship between the quality of money and both inward and outward FDI in Euro area and USA. No statistically significant relationship was found between the quality of Yen and both inward and outward FDI in Japan.
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