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Global Correspondent Banking 1870-2000

About

‘Global Correspondent Banking 1870-2000' (GloCoBank) is a 5-year research project funded by the European Research Council (ERC) which seeks to identify and analyse the international network of correspondent banking relationships across the 20th century.

About

Knowledge Exchange

Over the course of the project we will be publishing a series of working papers on topics related to our research with the aim of stimulating discussion on and making connections with issues that are of relevance to industry and policy makers today.

Knowledge exchange

Visualising networks

Our web-based visualisation tool allows users to explore and compare coverage, chronology and geographical scope across the history of correspondent banking. The tool currently offers users free access to explore the London-Italy 1920-1985 banking network data, with further datasets to be added in the future.

Visualising networks

News

WEBINAR: Meet the Author Series: Money Beyond Borders: Global Currencies from Croesus to Crypto

28 May

CONFERENCE: 32nd Dubrovnik Economic Conference: Keynote Lecture

29 May to 31 May

CONFERENCE: 10th Annual Macroprudential Conference

22 June

CONFERENCE: NBER International Seminar on Macroeconomics 2026

24 June to 25 June

REPORT: GloCoBank Annual Workshop (17 April 2026)

13 May 2026

NETWORKS OVER BRANCHES: CORRESPONDENT BANKING AND FINANCIAL INTERNATIONALISATION IN LATIN AMERICA (1870-1914)

19 May 2026

Bautista González, Manuel

JOURNAL ARTICLE: Molteni, Pala, Schenk, 'The geography of financial integration: Regional disparities in Italian correspondent banking with London, 1920-1985'

01 April 2026

Rivista di storia economica, Issue 1, 2026, April

history memory and the return of financial crises after bretton woods cover

BOOK CHAPTER: Catherine R. Schenk, 'Forgotten and remembered nightmares Herstatt Risk in the global payments system'

01 April 2026

Cassis, Y. and Telesca, G. (eds.) (2026) 'History, Memory, and the Return of Financial Crises after Bretton Woods'

Publications & working papers

NETWORKS OVER BRANCHES: CORRESPONDENT BANKING AND FINANCIAL INTERNATIONALISATION IN LATIN AMERICA (1870-1914)

19 May 2026

Bautista González, Manuel

JOURNAL ARTICLE: Molteni, Pala, Schenk, 'The geography of financial integration: Regional disparities in Italian correspondent banking with London, 1920-1985'

01 April 2026

Rivista di storia economica, Issue 1, 2026, April

BOOK CHAPTER: Catherine R. Schenk, 'Forgotten and remembered nightmares Herstatt Risk in the global payments system'

01 April 2026

Cassis, Y. and Telesca, G. (eds.) (2026) 'History, Memory, and the Return of Financial Crises after Bretton Woods'

JOURNAL ARTICLE: Jamieson G. Myles, 'Elastic infrastructure: A historical perspective on credit in global correspondent banking and the cross-border payments system'

26 March 2026

Finance and Society, First View, pp. 1-27

digital scholarship in the humanities cover

JOURNAL ARTICLE: Giovanni M. Pala, 'Digital objects as translation: their digitization depth as a taxonomy for digital analogues'

05 March 2026

Digital Scholarship in the Humanities, fqag011

RECONSTRUCTING THE POST-WAR FINANCIAL ARCHITECTURE: DEUTSCHE BANK AND ITS CORRESPONDENT BANKING NETWORK AFTER 1945

30 October 2025

Schneider, Sabine

BANKING GROUPS REDUX - SOCIÉTÉ FINANCIÈRE EUROPÉENE, BANKING COOPERATION AND THE ORIGINS OF SWIFT 1967-1977

23 September 2025

Ross, Duncan M.; Schenk, Catherine R.

ELASTIC INFRASTRUCTURE: A HISTORICAL PERSPECTIVE ON CREDIT IN GLOBAL CORRESPONDENT BANKING AND THE CROSS-BORDER PAYMENTS SYSTEM

15 July 2023

Myles, Jamieson G.

JOURNAL ARTICLE: Akram Beniamin, John F. Wilson, Neveen Abdelrehim, 'Multinational banking in Egypt: A case-study of the Ionian Bank, 1907-1939'

08 July 2024

Business History, 67(7)

1024px edificio do brasilianische bank fur deutschland vincenzo pastore

JOURNAL ARTICLE: Marco Molteni, Wilfried Kisling, 'The London money market and non-British bank lending during the first globalisation: evidence from Brazil'

15 April 2024

Cliometrica - Journal of Historical Economics and Econometric History, 19

FRESH PERSPECTIVES ON CROSS-BORDER BANKING IN THE 20TH CENTURY: NEW EVIDENCE OF ITALIAN CORRESPONDENT BANKING

11 March 2025

Molteni, Marco; Pala, Giovanni; Schenk, Catherine R.

JOURNAL ARTICLE: Marco Molteni, 'Competition, over-branching, and bank failures during the Great Depression: new evidence from Italy'

04 March 2024

The Economic History Review, 77(4)

MOVING MONEY - REDESIGNING THE GLOBAL PAYMENTS SYSTEM 1969-99

06 February 2024

Schenk, Catherine R.

BOOK CHAPTER: Catherine R. Schenk, 'Telegraph to Tether: Challenges in the Global Payments System and the Struggle between Private and Public Interests'

27 September 2023

Aliber, R.Z., Gudmundsson, M., Zoega, G. (eds) (2023) 'Fault Lines After COVID-19'

JOURNAL ARTICLE: Marco Molteni, 'Credit expansion, leverage, and banking distress: the puzzle of interwar Italy'

25 July 2023

European Review of Economic History, 28(1)

FOREIGN BANKS AND THE LONDON MONEY MARKET DURING THE FIRST GLOBALISATION

21 June 2023

Kisling, Wilfried; Molteni, Marco

THE DEVELOPMENT OF INTERNATIONAL CORRESPONDENT BANKING IN THE USA 1970-89

09 December 2021

Schenk, Catherine R.

Blog

The reciprocity principle in correspondent banking relations. The case of Banca Commerciale Italiana in the first half of the twentieth century

18 January 2024

International payments, correspondent banking and the American challenge to Belgian banks in the 1960s

27 September 2023

Mapping Global Banking Networks in the Early Twentieth Century: Banks with Correspondent Connections to London (1901-1913)

30 November 2023

The Internationalisation of Midland Bank: Edward Holden and Correspondent Banking Relations in the United States and Canada (1891-1919)

06 December 2023

barclay telegraph instruments showing instruments on stand with women operators

ARTICLE: Catherine R. Schenk, 'From telegraph to cryptocurrency: the development of the global payments system'

24 December 2022

Börsen-Zeitung, No. 249 (Dec 2022)

president richard nixon with henry kissinger and john wayne san clemente

Policymakers can learn from Nixon's 'dollar shock' (Chatham House Expert Comment)

14 September 2021

New options to improve the global financial safety net (Chatham House Expert Comment)

04 August 2021

When should policymakers reach for the history books? Some examples from the 20th century (Bank Underground)

16 June 2021

network image alina grubnyak ziqkhi7417a unsplash

International banking networks: sources of stability or instability?

26 April 2021

The past and future of cross-border payments

23 March 2021