CONFERENCE: The Evolution of the Global Payments System | GloCoBank Project Event
Conference: The Evolution of the Global Payments System
A GloCoBank Project Event | 23-24 March 2023 | The Pavilion, St Hilda’s College | University of Oxford

REGISTRATION CLOSED
Contact glocobank@history.ox.ac.uk with any queries
Registration options:
- In person attendance: includes tea/coffee breaks (both days) and lunch (Thurs 23 March). Places are limited and are available on a first come first served basis. Please complete the online form to express your interest in attending. Places will be confirmed by separate email.
- Online attendance: conference sessions will be filmed and live-streamed via Zoom Webinar. Online participants will have the opportunity to ask questions via the Q&A feature. Please complete the online form to register - the conference joining link will be sent to online attendees nearer the time.
There is no registration fee but registration is required.
The global payments system represents the underlying plumbing of globalisation, determining the efficiency and security of cross-border payments for goods and services. Despite its fundamental importance surprisingly little is known about the evolution of this system, especially the dynamics of the network of bilateral bank relationships used for cross-border settlements across the past 150 years.
This conference explores the evolution of the global payments system during the 19th and 20th centuries, including:
- Correspondent banking, international banking networks and the development of the global payments system
- The changing shape, patterns and dynamics of international banking networks, and the impact of financial crises, world events and regulatory changes
- Banking technologies and the ‘plumbing’ of the international payments system
- Bank internationalisation strategies
The conference features a Keynote Lecture by Professor Kris Mitchener, Santa Clara University, ‘How do financial crises redistribute risk?’ on Thursday 23rd March, 4pm. All welcome, registration required.
Download programme (PDF file)
CONFERENCE PROGRAMME
Day 1, Thursday 23 March (all timings UK / GMT)
08:30 – 09:00 Arrival and registration
09:00 – 09:15 Welcoming address
Catherine R. Schenk, University of Oxford/GloCoBank project
09:15 – 10:45 Panel 1
Chair/discussant: Kris Mitchener, Santa Clara University
Speakers:
- Marianna Astore, Paris School of Economics & Paolo Di Martino, University of Turin
‘Branching vs. correspondents in 'cross-border' banking expansion? Evidence from Italy, 1870s-1913’
- Marco Molteni, University of Oxford/GloCoBank project
10:45 – 11:15 Tea/coffee break
11:15 – 12:45 Panel 2
Chair/discussant: Jamieson Myles, University of Oxford/GloCoBank project
Speakers:
- Clément Berthou & Jean-François Ponsot, Université de Grenobles Alpes
- Matthias Kemmerer, Goethe University Frankfurt
12:45 – 13:45 Lunch
13:45 – 15:45 Panel 3
Chair/discussant: Catherine R. Schenk, University of Oxford/GloCoBank project
Speakers:
- Bianca Orsi, Annina Kaltenbrunner & Sophia Kuehnlenz, University of Leeds
‘Central bank digital currencies and the international payment system: The demise of the US dollar?’
- Pilar Nogues-Marco, University of Geneva & Nektarios Aslanidis, Universitat Rovira I Virgili
‘Near-money in history: Cryptocurrencies versus bills of exchange’
- Aaron M. Honsowetz, Bethany College
‘Private provision of money orders in the United States by express and telegraph companies’
15:45 – 16:00 Tea/coffee break
16:00 – 17:00 Keynote lecture
Professor Kris Mitchener, Santa Clara University, ‘How do financial crises redistribute risk?’
19:00 for 19:30 Conference Dinner (by invitation)
Day 2, Friday 24 March
09:00 – 11:00 Panel 4
Chair/discussant: Nora Yitong Qiu, University of Oxford/GloCoBank project
Speakers:
- Lukas Dovern, University of Kiel
‘International banking in the socialist world, 1956–1970’
- Enerelt Enkhbold, Asian Development Bank
‘The role of payment systems in Mongolia's financial inclusion and economic integration'
- Manuel Bautista-González, University of Oxford/GloCoBank project & Carlos Marichal Salinas, El Colegio de México
11:00 – 11:30 Tea/coffee break
11:30 – 13:00 Panel 5
Chair/discussant: Akram Beniamin, University of Oxford/GloCoBank project
Speakers:
- Yong Han, University of Reading
‘Why has the United Nations unification of global payment law failed?’
- Sabine Dörry, University of Luxembourg, Gary Robinson, University of Luxembourg/Ghent University & Ben Derudder, Ghent University/KU Leuven
‘Reform that you may preserve. SWIFT’s directed change towards platformisation of global payments’
13:00 – 13:15 Closing remarks
Catherine R. Schenk, University of Oxford/GloCoBank project
Conference organisers:
Professor Catherine R. Schenk; Dr Marco Molteni; Dr Alena Pivavarava | GloCoBank Project