Chapter Two Outline Evolution of the International Monetary System o Current Exchange Rate Arrangements o European monetary system Euro and the european monetary union The mexican peso crisis The asian Currency Crisis o Fixed versus Flexible Exchange rate regimes McGraw-Hilylrwoin 2-1 Copyright@ 2001 by The McGraw-Hill Companies, Inc. All rightsMcGraw-Hill/Irwin Copyright © 2001 by The McGraw-Hill Companies, Inc. All rights reserved. 2-1 ⚫ Evolution of the International Monetary System ⚫ Current Exchange Rate Arrangements ⚫ European Monetary System ⚫ Euro and the European Monetary Union ⚫ The Mexican Peso Crisis ⚫ The Asian Currency Crisis ⚫ Fixed versus Flexible Exchange Rate Regimes Chapter Two Outline