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monorepo-vs-polyrepo
Monorepo vs. polyrepo: architecture for source code management (SCM) version control systems (VCS)
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Monorepo vs. Polyrepo guidance thanks to many contributors: https://github.com/joelparkerhenderson/monorepo-vs-polyrepo
Where I work we just package everything (nugets, python packages, npm) on our Artifactory. Contracts dependencies (DLLs, protobufs) are also distributed as packages. We made it easy to fetch and test the source and allow developers to develop, debug and test those dependencies with their own project if needed.
Every time we try to assemble repositories in macro-repos we always end up regretting it. Multiple dedicated repositories allow autonomy for teams and enforce modularity and coding as a library. Monorepos have a tendency of becoming huge merge trains easily and often derailed and with lots of fear of being blamed on stepping on someone else's toes.
We update often all our projects knowing full well that not doing so is just borrowing development time at high interest rate.
As a side-note when we do have to do an assembly of different code base, we use git-subrepo: https://github.com/ingydotnet/git-subrepo which provide the best of both submodules and subtree.