The GloCoBank 1870-2000 Working Papers series reflects the work in progress of the researchers associated with the ERC Horizon 2020 funded project Global Correspondent Banking 1870-2000 (GloCoBank) and of others whose papers directly address GloCoBank research themes. The papers are peer reviewed by GloCoBank and associated researchers and seek to identify and analyse the international network of correspondent banking relationships across the 20th century.