Finance and the Holy See: creating a central bank
Vatican ‘central bank' set to be much more than an SWF
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The creation of a ‘central bank’ by the Vatican is one of the most striking features of the revolution undertaken by Pope Francis (Jorge Mario Bergoglio) aimed at overhauling the management of the Holy See’s finances. The pope unveiled his reform just a year after the start of his papacy and, while it is too early to fully assess the repercussions of this significant change, the creation of a central bank in the Vatican is an innovation that appears to have
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