"OEconomicae et pecuniariae quaestiones" and Catholic Finance: A reading attempt from Merton's functions

Sebastien Lemeunier

MPRA Paper from University Library of Munich, Germany

Abstract: The Church has published a text of reference related to finance titled "OEconomicae et pecuniariae quaestiones," which aims to point out the weaknesses of the financial system and propose solutions. In order to test these remarks, we distributed them in Merton’s (1995) functions for the financial system and verified whether these critiques actually challenge them. We found that the Church focuses its criticisms on the functions of risk management and conflicts of interest, and recommends being vigilant about the information function. Finally, by grouping the solutions, there emerges a coherent and complementary approach to the financial system based on the transparency of information.

Keywords: Financial Economics; Religion; Welfare economics Code JEL : P 43; G18; Z12; D6 (search for similar items in EconPapers)
JEL-codes: D6 D64 G28 P43 Z12 (search for similar items in EconPapers)
Date: 2021-01-13
New Economics Papers: this item is included in nep-hpe and nep-rmg
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