School of Social and Political Sciences

Prof Catherine Schenk

  • Professor of International Economic History (Economic and Social History)
  • Dean of Research (Social Sciences College Senior Management)

telephone: 01413306616
email: Catherine.Schenk@glasgow.ac.uk


Research Interests

My research ranges across a variety of topics in international economic relations.  I am particularly interested in the current policy implications of the history of the development of international financial regulation and the organisation of the international monetary system since 1945.  Additionally, I undertake research on the development of Hong Kong's international financial centre and relations between Hong Kong and Mainland China since 1945.

My current major research project is a comparative study of financial regulation in Hong Kong, New York and London from 1961-1982 to understand the relations between banks and regulators, the constraints on effective banking supervision, the impact of financial regulation and how multilateral institutions such as the International Monetary Fund and the Bank for International Settlements interacted with national regulators.

Additionally, I am exploring why proposals to reform the international monetary system in the 1970s and 1980s, such as the Substitution Account and a rules based system for balance of payments adjustment, were not effective and what this might suggest about the prospects for similar proposals today.

A third set of research questions address the determinants of international currency status and how this changes over time, by examining how the role of sterling in the international monetary system evolved since 1945.  This has implications for current international monetary reform and the future role of the US dollar and the SDR.

Visiting Research Positions

  • Visiting Research Fellow, International Monetary Fund, Washington DC, April-May 2009
  • Visiting Research Fellow, Hong Kong Institute of Monetary Research, Hong Kong Hong Kong Monetary Authority, September 2005-December 2005, April-May 2007
  • Visiting Professor, Department of History, University of Hong Kong, September 2005-January 2006
  • Special Professor in International Economic History, Nottingham University Business School Malaysia Campus 2007-2010

Editorial Board Membership 

  • Australian Economic History Review
  • Financial History Review
  • Contemporary British History
  • International History Review
  • Business History Review (book review board)

Work in Progress, Presentations, General Publications

Books (available as eBooks and hard copy)

International Economic Relations since 1945 (Routledge 2011)

The Decline of Sterling: managing the retreat of an international currency (Cambridge University Press 2010)

Hong Kong SAR: monetary and exchange rate challenges in historical perspective (Palgrave 2008)

Hong Kong as an International Financial Centre: emergence and development (Routledge 2001)

Britain and the Sterling Area: from devaluation to convertibility in the 1950s (Routledge 1994)

 

List by: Type | Date

Jump to: 2011 | 2010 | 2009 | 2008 | 2007 | 2005 | 2004 | 2003 | 2002 | 2001
Number of items: 35.

2011

Schenk, C. (2011) The re-emergence of Hong Kong as an international financial centre 1960-78: contested internationalisation. In: Quennouelle-Corre, L. and Cassis, Y. (eds.) Financial Centres and International Capital Flows in the Nineteenth and Twentieth Centuries. Oxford University Press, Oxford, pp. 199-253. ISBN 9780199603503

Schenk, C., and Singleton, J. (2011) Basket pegs and exchange rate regime change: Australia and New Zealand in the mid-1970s. Australian Economic History Review, 51 (2). pp. 120-149. ISSN 0004-8992 (doi:10.1111/j.1467-8446.2011.00327.x)

Schenk, C. (2011) The retirement of Sterling as a Reserve Currency after 1945: Lessons for the US Dollar? World Financial Review .

Schenk, C. (2011) International Economic Relations since 1945. Series: Making of the Contemporary world . Routledge. ISBN 9780415570787

Schenk, C. (2011) Governance of Governors: the 1974 international banking crisis and the early deliberations of the Basel Committee. In: Corporate Governance in Financial Institutions: Historical Developments and Current Problems: EABH 22nd Annual Conference, 20-21 May 2011, Amsterdam, The Netherlands.

2010

Schenk, C. (2010) The regulation of international financial markets from the 1950s to the 1990s. In: Battilossi, S. and Reis, J. (eds.) State and Financial Systems in Europe and the USA: Historical Perspectives on Regulation and Supervision in the Nineteenth and Twentieth Centuries. Ashgate, UK, pp. 149-166. ISBN 9780754665946

Schenk, C. (2010) Are we bad students or do we have poor teachers: why don’t we learn the lessons from previous crises? Corporate Finance Review, 15 (2). pp. 5-10. ISSN 1089-327X

Schenk, C.R. (2010) The Decline of Sterling: Managing the Retreat of an International Currency 1945-1992. Cambridge University Press, Cambridge, UK. ISBN 9780521876971

Schenk, C.R. (2010) Lessons from history. In: Subacchi, P. and Driffill, J. (eds.) Beyond the Dollar: Rethinking the International Monetary System. Series: Chatham House Reports . Royal Institute of International Affairs, London, UK, pp. 16-22. ISBN 9781862032279

Schenk, C.R. (2010) Sterling, Hong Kong and China in the 1930s and 1950s. In: Akita, S. and White, N. (eds.) International Order of Asia in the 1930s and 1950s. Series: Modern economic and social history . Ashgate, Burlington, USA. ISBN 9780754653417

2009

Schenk, C.R. (2009) Banking and exchange rate relations between Hong Kong and mainland China in historical perspective 1965-1975. In: Schenk, C.R. (ed.) Hong Kong SAR's monetary and exchange rate challenges. Series: Palgrave Macmillan studies in banking and financial institutions . Palgrave, Basingstoke, pp. 45-72. ISBN 9780230209466

Schenk, C.R. (2009) The evolution of the Hong Kong currency board during global exchange rate instability, 1967-1973. Financial History Review, 16 (2). pp. 129-156. ISSN 0968-5650 (doi:10.1017/S0968565009990059)

Schenk, C.R. (2009) The banking and financial impact of the 1967 riots in Hong Kong. In: Bickers, R.A. and Yep, R. (eds.) May Days in Hong Kong: Emergency and Riot in 1967. Hong Kong University Press, Hong Kong. ISBN 9789622090828

Schenk, C.R. (2009) 'Parasitic invasions' or sources of good governance: constraining foreign competition in Hong Kong banking, 1956-81. Business History, 51 (2). pp. 157-179. ISSN 0007-6791

Schenk, C.R., (Ed.) (2009) Hong Kong SAR monetary and exchange rate challenges. Series: Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, Basingstoke. ISBN 9780230209466

Schenk, C.R. (2009) Hong Kong's monetary challenges in historical perspective. In: Schenk, C.R. (ed.) Hong Kong SAR’s Monetary and Exchange Rate Challenges: Historical Perspectives. Series: Palgrave Macmillan Studies in Banking and Financial Institutions . Palgrave Macmillan, Basingstoke, UK, pp. 3-14. ISBN 9780230209466

2008

Schenk, C.R. (2008) Malaysia and the end of the Bretton Woods system 1965-72: disentangling from Sterling. Journal of Imperial and Commonwealth History, 36 (2). pp. 197-220. ISSN 0308-6534 (doi:10.1080/03086530802180932)

2007

Schenk, C.R. (2007) The rise of Hong Kong and Tokyo as international financial centres after 1950. In: Cottrell, P.L., Lange, E. and Olsson, U. (eds.) Centres and Peripheries in Banking: The Historical Development of Financial Markets. Ashgate, pp. 81-100. ISBN 9780754661214

Schenk, C.R. (2007) Britain's changing position in the international economy in the long 20th Century. In: Carnevali , F. and Strange , J.-M. (eds.) 20th Century Britain:Economic, Cultural and Social Change. Longman, pp. 58-78. ISBN 9780582772878

2005

Schenk, C.R. (2005) Crisis and opportunity: The policy environment of international banking in the city of London, 1958-1980. In: Cassis, Y. and Bussiere, E. (eds.) London and Paris as International Financial Centres in the Twentieth Century. Oxford University Press, Oxford, pp. 207-229. ISBN 0199269491

Schenk, C.R. (2005) Britain in the world economy. In: Addison, P. and Jones, H. (eds.) A Companion to Contemporary Britain: 1939-2000. Blackwell, pp. 463-481. ISBN 9780631220404

Schenk, C.R. (2005) Decolonisation and European economic integration: the free trade area negotiations, 1956-58. In: The Decolonization Reader. Series: Routledge Readers in History . Routledge, London, pp. 139-155. ISBN 9780415231176

Schenk, C.R. (2005) Economic history of Hong Kong. EH-Net Encyclopedia . ISSN 0950-4125

Schenk, C.R. (2005) Economic relations between Hong Kong and China 1945-51. In: Pui-Tak, L. (ed.) Colonial Hong Kong And Modern China. Hong Kong University Press, pp. 199-218. ISBN 9789622097209

2004

Schenk, C.R. (2004) Finance of industry in Hong Kong 1950-70: a case of market failure? Business History, 46 (4). pp. 583-608. ISSN 0007-6791 (doi:10.1080/0007679042000231856 )

Schenk, C.R. (2004) Regulatory reform in an emerging stock market: the case of Hong Kong, 1945-86. Financial History Review, 11 (2). pp. 139-163. ISSN 0968-5650 (doi:10.1017/S0968565004000113)

Schenk, C.R. (2004) The empire strikes back: Hong Kong and the decline of sterling in the 1960s. Economic History Review, 57 (3). pp. 551-580. ISSN 0013-0117 (doi:10.1111/j.1468-0289.2004.00288.x)

Schenk, C.R. (2004) The market vs the state: capital market integration in the 1960s. In: Perron, R. (ed.) The Common Market: towards the European Integration of Industrial and Financial Markets? (1958-1968). Les Presses Universitaires de Paris-Sorbonne, pp. 141-159. ISBN 2840503174

Schenk, C.R. (2004) The new City and the state in the 1960s. In: Michie, R. and Williamson, P. (eds.) The British Government and the City of London in the Twentieth Century. Cambridge University Press, pp. 322-339. ISBN 9780521827690

2003

Schenk, C.R. (2003) Banking crises and the evolution of the regulatory framework in Hong Kong 1945-1970. Australian Economic History Review, 43 (2). pp. 140-154. ISSN 0004-8992 (doi:10.1111/1467-8446.t01-1-00047 )

2002

Schenk, C.R. (2002) Sterling, international monetary reform and Britain's applications to join the European Economic Community in the 1960s. Contemporary European History, 11 (3). pp. 345-369. ISSN 0960-7773 (doi:10.1017/S0960777302003016)

Schenk, C.R. (2002) Banks and the emergence of Hong Kong as an international financial center. Journal of International Financial Markets, Institutions and Money, 12 (4-5). pp. 321-340. ISSN 1042-4431 (doi:10.1016/S1042-4431(02)00017-3 )

Schenk, C.R. (2002) International financial centres, 1958-1971: competitiveness and complementarity. In: Battilossi, S. and Cassis, Y. (eds.) European Banks and the American Challenge: Competition and Cooperation in International Banking under Bretton Woods. Oxford University Press, pp. 74-102. ISBN 9780199250271

2001

Schenk, C.R. (2001) The Hong Kong Shanghai Bank Group archive, London. Chinese Business History, 11 (2). pp. 5-6. ISSN 1090-834X

Schenk, C.R. (2001) Hong Kong as an international financial centre: emergence and development 1945-65. Series: Routledge Studies In The Growth Economies Of Asia (31). Routledge, London. ISBN 9780415205832

This list was generated on Thu May 2 21:54:34 2013 BST.
Jump to: Article | Book | Book Section | Edited Book | Conference Proceedings
Number of items: 35.

Article

Schenk, C., and Singleton, J. (2011) Basket pegs and exchange rate regime change: Australia and New Zealand in the mid-1970s. Australian Economic History Review, 51 (2). pp. 120-149. ISSN 0004-8992 (doi:10.1111/j.1467-8446.2011.00327.x)

Schenk, C. (2011) The retirement of Sterling as a Reserve Currency after 1945: Lessons for the US Dollar? World Financial Review .

Schenk, C. (2010) Are we bad students or do we have poor teachers: why don’t we learn the lessons from previous crises? Corporate Finance Review, 15 (2). pp. 5-10. ISSN 1089-327X

Schenk, C.R. (2009) The evolution of the Hong Kong currency board during global exchange rate instability, 1967-1973. Financial History Review, 16 (2). pp. 129-156. ISSN 0968-5650 (doi:10.1017/S0968565009990059)

Schenk, C.R. (2009) 'Parasitic invasions' or sources of good governance: constraining foreign competition in Hong Kong banking, 1956-81. Business History, 51 (2). pp. 157-179. ISSN 0007-6791

Schenk, C.R. (2008) Malaysia and the end of the Bretton Woods system 1965-72: disentangling from Sterling. Journal of Imperial and Commonwealth History, 36 (2). pp. 197-220. ISSN 0308-6534 (doi:10.1080/03086530802180932)

Schenk, C.R. (2005) Economic history of Hong Kong. EH-Net Encyclopedia . ISSN 0950-4125

Schenk, C.R. (2004) Finance of industry in Hong Kong 1950-70: a case of market failure? Business History, 46 (4). pp. 583-608. ISSN 0007-6791 (doi:10.1080/0007679042000231856 )

Schenk, C.R. (2004) Regulatory reform in an emerging stock market: the case of Hong Kong, 1945-86. Financial History Review, 11 (2). pp. 139-163. ISSN 0968-5650 (doi:10.1017/S0968565004000113)

Schenk, C.R. (2004) The empire strikes back: Hong Kong and the decline of sterling in the 1960s. Economic History Review, 57 (3). pp. 551-580. ISSN 0013-0117 (doi:10.1111/j.1468-0289.2004.00288.x)

Schenk, C.R. (2003) Banking crises and the evolution of the regulatory framework in Hong Kong 1945-1970. Australian Economic History Review, 43 (2). pp. 140-154. ISSN 0004-8992 (doi:10.1111/1467-8446.t01-1-00047 )

Schenk, C.R. (2002) Sterling, international monetary reform and Britain's applications to join the European Economic Community in the 1960s. Contemporary European History, 11 (3). pp. 345-369. ISSN 0960-7773 (doi:10.1017/S0960777302003016)

Schenk, C.R. (2002) Banks and the emergence of Hong Kong as an international financial center. Journal of International Financial Markets, Institutions and Money, 12 (4-5). pp. 321-340. ISSN 1042-4431 (doi:10.1016/S1042-4431(02)00017-3 )

Schenk, C.R. (2001) The Hong Kong Shanghai Bank Group archive, London. Chinese Business History, 11 (2). pp. 5-6. ISSN 1090-834X

Book

Schenk, C. (2011) International Economic Relations since 1945. Series: Making of the Contemporary world . Routledge. ISBN 9780415570787

Schenk, C.R. (2010) The Decline of Sterling: Managing the Retreat of an International Currency 1945-1992. Cambridge University Press, Cambridge, UK. ISBN 9780521876971

Schenk, C.R. (2001) Hong Kong as an international financial centre: emergence and development 1945-65. Series: Routledge Studies In The Growth Economies Of Asia (31). Routledge, London. ISBN 9780415205832

Book Section

Schenk, C. (2011) The re-emergence of Hong Kong as an international financial centre 1960-78: contested internationalisation. In: Quennouelle-Corre, L. and Cassis, Y. (eds.) Financial Centres and International Capital Flows in the Nineteenth and Twentieth Centuries. Oxford University Press, Oxford, pp. 199-253. ISBN 9780199603503

Schenk, C. (2010) The regulation of international financial markets from the 1950s to the 1990s. In: Battilossi, S. and Reis, J. (eds.) State and Financial Systems in Europe and the USA: Historical Perspectives on Regulation and Supervision in the Nineteenth and Twentieth Centuries. Ashgate, UK, pp. 149-166. ISBN 9780754665946

Schenk, C.R. (2010) Lessons from history. In: Subacchi, P. and Driffill, J. (eds.) Beyond the Dollar: Rethinking the International Monetary System. Series: Chatham House Reports . Royal Institute of International Affairs, London, UK, pp. 16-22. ISBN 9781862032279

Schenk, C.R. (2010) Sterling, Hong Kong and China in the 1930s and 1950s. In: Akita, S. and White, N. (eds.) International Order of Asia in the 1930s and 1950s. Series: Modern economic and social history . Ashgate, Burlington, USA. ISBN 9780754653417

Schenk, C.R. (2009) Banking and exchange rate relations between Hong Kong and mainland China in historical perspective 1965-1975. In: Schenk, C.R. (ed.) Hong Kong SAR's monetary and exchange rate challenges. Series: Palgrave Macmillan studies in banking and financial institutions . Palgrave, Basingstoke, pp. 45-72. ISBN 9780230209466

Schenk, C.R. (2009) The banking and financial impact of the 1967 riots in Hong Kong. In: Bickers, R.A. and Yep, R. (eds.) May Days in Hong Kong: Emergency and Riot in 1967. Hong Kong University Press, Hong Kong. ISBN 9789622090828

Schenk, C.R. (2009) Hong Kong's monetary challenges in historical perspective. In: Schenk, C.R. (ed.) Hong Kong SAR’s Monetary and Exchange Rate Challenges: Historical Perspectives. Series: Palgrave Macmillan Studies in Banking and Financial Institutions . Palgrave Macmillan, Basingstoke, UK, pp. 3-14. ISBN 9780230209466

Schenk, C.R. (2007) The rise of Hong Kong and Tokyo as international financial centres after 1950. In: Cottrell, P.L., Lange, E. and Olsson, U. (eds.) Centres and Peripheries in Banking: The Historical Development of Financial Markets. Ashgate, pp. 81-100. ISBN 9780754661214

Schenk, C.R. (2007) Britain's changing position in the international economy in the long 20th Century. In: Carnevali , F. and Strange , J.-M. (eds.) 20th Century Britain:Economic, Cultural and Social Change. Longman, pp. 58-78. ISBN 9780582772878

Schenk, C.R. (2005) Crisis and opportunity: The policy environment of international banking in the city of London, 1958-1980. In: Cassis, Y. and Bussiere, E. (eds.) London and Paris as International Financial Centres in the Twentieth Century. Oxford University Press, Oxford, pp. 207-229. ISBN 0199269491

Schenk, C.R. (2005) Britain in the world economy. In: Addison, P. and Jones, H. (eds.) A Companion to Contemporary Britain: 1939-2000. Blackwell, pp. 463-481. ISBN 9780631220404

Schenk, C.R. (2005) Decolonisation and European economic integration: the free trade area negotiations, 1956-58. In: The Decolonization Reader. Series: Routledge Readers in History . Routledge, London, pp. 139-155. ISBN 9780415231176

Schenk, C.R. (2005) Economic relations between Hong Kong and China 1945-51. In: Pui-Tak, L. (ed.) Colonial Hong Kong And Modern China. Hong Kong University Press, pp. 199-218. ISBN 9789622097209

Schenk, C.R. (2004) The market vs the state: capital market integration in the 1960s. In: Perron, R. (ed.) The Common Market: towards the European Integration of Industrial and Financial Markets? (1958-1968). Les Presses Universitaires de Paris-Sorbonne, pp. 141-159. ISBN 2840503174

Schenk, C.R. (2004) The new City and the state in the 1960s. In: Michie, R. and Williamson, P. (eds.) The British Government and the City of London in the Twentieth Century. Cambridge University Press, pp. 322-339. ISBN 9780521827690

Schenk, C.R. (2002) International financial centres, 1958-1971: competitiveness and complementarity. In: Battilossi, S. and Cassis, Y. (eds.) European Banks and the American Challenge: Competition and Cooperation in International Banking under Bretton Woods. Oxford University Press, pp. 74-102. ISBN 9780199250271

Edited Book

Schenk, C.R., (Ed.) (2009) Hong Kong SAR monetary and exchange rate challenges. Series: Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, Basingstoke. ISBN 9780230209466

Conference Proceedings

Schenk, C. (2011) Governance of Governors: the 1974 international banking crisis and the early deliberations of the Basel Committee. In: Corporate Governance in Financial Institutions: Historical Developments and Current Problems: EABH 22nd Annual Conference, 20-21 May 2011, Amsterdam, The Netherlands.

This list was generated on Thu May 2 21:54:34 2013 BST.

Professor Schenk is on Research Leave for 2011/12

Learned Societies

Public Engagement

  • Interview US National Public Radio: August 2011
  • Edinburgh International Festival: Moving Conversations, Trading with the West, August 2011 

Selected Recent and Forthcoming Conference Papers

Task Force on the Role of Gold in the International Monetary System, Chatham House, July 2011

European Association of Banking History, May 2011, ING Amsterdam

Economic History Society, Cambridge, April 2011

British Academy-Shanghai Academy of Social Sciences, Shanghai, March 2011 

'Why didn't efforts to reform the international monetary system work in the past?', Reinventing Bretton Woods Committee, Paris, December 2010.

'Managing the Decline of Sterling', Bank for International Settlements, Basel, October 2010

'International monetary reform in long term perspective', Reinventing Bretton Woods Committee, Beijing, September 2010

'The International Monetary System: Looking to the Future, Lessons from the Past', International Monetary Fund, Washington D.C., December 2009

'The Retirement of Sterling as a Reserve Currency after 1945', Department of Economics, University of Tokyo, Japan, November 2009

'The G10 and Reform of the Global Reserves System in the 1960s', Japanese Monetary Economics Association, Takamatsu, Japan, November 2009

'The Retirement of Sterling as a Reserve Currency after 1945', Bank of Japan, Tokyo, November 2009

'Why did plans to reform the international monetary system by replacing reserve currencies fail during the 1960s and 1970s?', Chatham House, London, October 2009

'The Retirement of Sterling as a Reserve Currency after 1945', Canadian Network of Economic History, Halifax, Canada, October 2009

'The retirement of sterling as a reserve currency after 1945: lessons for the US Dollar?', European Historical Economics Association Conference, Geneva, September 2009.

'Basket pegs and exchange rate regime change; Australia and New Zealand in the mid-1970s', World Economic History Congress, Utrecht, August 2009

'The re-emergence of Hong Kong as an International Financial Centre 1960-1978: contested internationalisation', World Economic History Congress, Utrecht, August 2009

'Hong Kong as an International Financial Centre: past and current challenges', Anglo-American Historical Conference, London, July 2009

'The Retirement of Sterling as a Reserve Currency after 1945: Lessons for the US Dollar?', International Monetary Fund, Research Division, May 2009

'How central banks respond to global crisis: developing countries in the 1970s', Workshop on Central Banking in the Twentieth Century, Centre for Institutional Performance, University of Reading, April 2009

'Why International Financial Regulation Doesn't Work', ESRC/British Academy Public Policy Briefing, London, March 2009

'The Global Financial Crisis in Historical Perspective' ESRC Festival of Social Sciences, Public Meeting on the Global Financial Crisis, March 2009.

'Sterling and the Cold War in Southeast Asia: Malaysia, Singapore and Hong Kong in the 1960s', Workshop on Colombo Plan, Tohoku University, Sendai, Japan, September 2008

'Managing the decline of sterling as an international currency', Osaka University, Osaka, Japan November 2008

'Explaining the end of the Currency Board rules in 1972: evidence from the Exchange Fund Advisory Committee', Hong Kong Institute for Monetary Research, Hong Kong Monetary Authority, April 2008