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 23 March, 16:00. All welcome, registration required.

Please visit the website for the full programme:
glocobank.web.ox.ac.uk/event/conference-evolution-global-payments-system-glocobank-project-event