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

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  • Lemeunier, Sébastien

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.

Suggested Citation

  • Lemeunier, Sébastien, 2021. ""OEconomicae et pecuniariae quaestiones" and Catholic Finance : A reading attempt from Merton's functions," MPRA Paper 105297, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:105297
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    More about this item

    Keywords

    Financial Economics ; Religion ; Welfare economics Code JEL : P 43 ; G18 ; Z12 ; D6;
    All these keywords.

    JEL classification:

    • D6 - Microeconomics - - Welfare Economics
    • D64 - Microeconomics - - Welfare Economics - - - Altruism; Philanthropy; Intergenerational Transfers
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • P43 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Finance; Public Finance
    • Z12 - Other Special Topics - - Cultural Economics - - - Religion

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