Describe the International Monetary System.

In Chapter 2, you were introduced to various aspects of the international monetary system. In your own words, describe the evolution of the international monetary system up to through the flexible exchange rate regime. In your description, discuss the criteria for a good international monetary system. Also, be sure to support your answer by explaining why the stated criteria are necessary. Chapter 2 attached please use it as reference, Reference for that chapter is: Eun, C. S., & Resnick, B. G. (2015). International financial management (7th ed.). Retrieved from