Illing, Gerhard; König, Philipp Johann - In: DIW Wochenbericht 81 (2014) 24, pp. 541-554
. As the crisis worsened, especially in the southern countries of the euro area, the ECB was forced to take measures which … countries in crisis. Nevertheless, compared to other central banks, the ECB is inhibited in its scope of activities: unlike, for … must protect itself more than other central banks against any financial risks from its monetary policy operations. In …