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Money in the Western Legal TraditionMiddle Ages to Bretton Woods$
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David Fox and Wolfgang Ernst

Print publication date: 2016

Print ISBN-13: 9780198704744

Published to Oxford Scholarship Online: April 2016

DOI: 10.1093/acprof:oso/9780198704744.001.0001

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Money in Medieval Canon Law

Money in Medieval Canon Law

Chapter:
(p.136) 8 Money in Medieval Canon Law
Source:
Money in the Western Legal Tradition
Author(s):

Andreas Thier

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780198704744.003.0008

This chapter analyses church canon law that deals with issues of money during the medieval period.. The chapter describes how the church deals with matters regarding money. One of the main tenets of the church is their opposition to the rules of usury, interest at unreasonably high rates. This also extended to the provisions on the specific value of things owed or received as or for loans. Other notable decrees were the ones concerning debasements or devaluations of coinage. A decretal issued by Pope Urban III determined for the first time which party to an ecclesiastical monetary obligation had to bear the risk of monetary changes.

Keywords:   canon law, money, decretal, usury, interest, loans, debasements, coinage, Pope Urban III, pensio

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