The main institution in the European Monetry Union, or EMU. The ECB, which has its offices in Frankfurt, has powers to change interest rates and issue Euro coins and notes.

Trumbull, J. Gunnar, Dante Roscini, and Diane Choi. "The Euro in Crisis: Decision Time at the European Central Bank." Harvard Business School Case 711-049, December 2010. (Revised March 2011.) ...