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

Read Catherine R. Schenk's article in Börsen-Zeitung on the development of the global payments system and the changing role of technology.

How do funds move across borders? How has this little-known but important system evolved over time? Why is it mainly in private hands and not under public control? What are its vulnerabilities and how could digital currencies fundamentally change the system?

Download PDF of the original article in German or visit the Börsen-Zeitung website for an English translation (Google).

Börsen-Zeitung | No. 249 | Sunday 24 December 2022

Professor Catherine Schenk

Professor Catherine R Schenk

Other blogposts

blog reciprocity

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

Image of Brussels Grand Place 1960s

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

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'

Börsen-Zeitung, No. 249 (Dec 2022)