Designing the Global Payments System: Telegraph to Tether

29. Jun 2022

Zur Veranstaltung

In the context of the Goethe University Visiting Professorship of Financial History*, currently held by Prof. Catherine R. Schenk (Oxford University), the House of Finance, the Leibniz Institute SAFE and the Institute for Banking and Financial History (IBF) organize and cordially invite you to attend a lecture on

Designing the Global Payments System: Telegraph to Tether

Catherine R. Schenk
Oxford University

to be held on 29 June 2022, 5:00 p.m. - 6:00 p.m.

*The Visiting Professorship of Financial History is endowed by Metzler Bank and the Friedrich Flick Förderungsstiftung.

In presence: room Festsaal, Casino building, Campus Westend

Please note that a registration is required. Please register >> HERE [/B]

Over the past 5 years the FSB and CPMI have undertaken an intensive examination of the global payments system with a view to enhancing its resilience, reducing costs and increasing transparency. In Europe, the TARGET system for cross-border payments suffered five interruption incidents in 2020. The global payments system is a public good that is often provided through the private sector, but it also poses systemic risks that are greater than the private sector can resolve. These official investigations have emerged alongside an acceleration in distributed ledger technology, digital currencies and innovations in messaging systems. Meanwhile, many central banks are considering the potential for central bank digital currencies. How have cross-border payments systems evolved over the longer term and responded to shocks, globalisation and technological innovation? This lecture takes the long view on understanding the evolution of the underlying plumbing of the international economic system.

Please note that a registration is required. Please register >> HERE

Weitere Informationen

Catherine R. Schenk - CV (PDF, 139 KB)



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