Christian Wipf

Research

Should Banks Create Money? , European Economic Review , 185, 2026, pdf

• how costly it might be to constrain private banks` ability to issue monetary demand deposits with 100% reserve narrow banking or a CBDC

The impact of the digital euro on Austrian banks from a financial stability perspective (with M. Gruber, C. Siebenbrunner and A. Trachta) , Oesterreichische Nationalbank Financial Stability Report , 48, 2025, pdf

• whether introducing a digital euro could threaten the stability of the Austrian banking sector

Liquidity, the Mundell-Tobin Effect, and the Friedman Rule (with Lukas Altermatt), Journal of Money, Credit and Banking , 56(5), 2024, pdf

• why it can be optimal to have long-run inflation targets above the deflationary prescription of the Friedman rule

The effects of cost-push inflation on Austrian banks , Oesterreichische Nationalbank Financial Stability Report , 46, 2023, pdf

• how the post 2021 inflationary spike affected the Austrian macroeconomy and the banking sector

Opaqueness and Optimal Intermediary Financing (with Kumar Rishabh), pdf

• why banks hold so many mortgages and what this implies for regulation

The Quantity Theory and Inflation since the Great Financial Crisis (with Heon Lee), pdf

• how low and stable inflation can be reconciled with record low interest rates and massively expanded central bank balance sheets