Innovating Works

GloCoBank

Financiado
Global Correspondent Banking 1870 2000
The overall objective of GloCoBank is to analyse the changing shape of international banking networks across the 20th century using an innovative methodology that allows greater specificity and inclusion than ever before. The bila... The overall objective of GloCoBank is to analyse the changing shape of international banking networks across the 20th century using an innovative methodology that allows greater specificity and inclusion than ever before. The bilateral correspondent banking network that will be uncovered by GloCoBank was the structure on which the global financial system was built and on which the trade and specialization that drove global development was based, but we know very little about it. When merchants settled accounts across borders, they did so through transfers from the merchant’s bank to the customer’s bank. From the time of the telegraph in the late 19th century, the contraction of time and space was accomplished by sending telegraph messages from the buyer’s home bank to an agent in the seller’s country to transfer funds to the seller’s bank. These interbank connections remain the underlying architecture of the global payments system but we do not have a complete sense of how they were built, managed or how they changed over time. Existing literature on global payments relies on official data on capital flows that are exclusively available at a national level which prevents an analysis by type of bank, sub-national region, or more specific location. Moreover, these national data on bank flows are also consistently available for most countries only from 1960, which truncates our ability to assess the changing geography of international banking during periods of upheaval such as wars, economic crisis or depression. To date there has been no comprehensive data source to accomplish this. GloCoBank will create and analyse a new set of data and combine it with extensive archival research, which will allow a much more granular assessment of the patterns and dynamics of international banking and payments. The data will capture the links between thousands of individual banks involved in international payments through bilateral correspondent banking contracts across 130 years. ver más
28/02/2026
UOXF
2M€
Duración del proyecto: 68 meses Fecha Inicio: 2020-06-16
Fecha Fin: 2026-02-28

Línea de financiación: concedida

El organismo H2020 notifico la concesión del proyecto el día 2020-06-16
Línea de financiación objetivo El proyecto se financió a través de la siguiente ayuda:
ERC-2019-ADG: ERC Advanced Grant
Cerrada hace 5 años
Presupuesto El presupuesto total del proyecto asciende a 2M€
Líder del proyecto
THE CHANCELLOR MASTERS AND SCHOLARS OF THE UN... No se ha especificado una descripción o un objeto social para esta compañía.
Perfil tecnológico TRL 4-5