INTERNATIONALFINANCIALMANAGEMENTEUN / RESNICKFourth EditionINTERNATIONALFINANCIALMANAGEMENTEUN / RESNICKFourth EditionChapter Objective:This chapter serves to introduce the student to the institutional framework within which:International payments are made.The movement of capital is accommodated.Exchange rates are determined. 2Chapter TwoThe International Monetary Systeml Evolution of the International Monetary Systeml Current Exchange Rate Arrangementsl European Monetary Systeml Euro and the Eu