ECB Uses Discount Window?
So I was reading the Fed's disclosure of it's loans during the financial crisis and I was a bit confused by the fact that the European Central Bank received loans 271 times during the crisis.
Correct me if I'm wrong, but the ECB has the same power to print money that the Fed has, so instead of borrowing money they can just print more. Considering a few of the member countries were dealing with huge budget deficit problems, printing money would be a positive because of it's potential to induce inflation, decrease the value of the euro, and decrease the effective deficit.
Wouldnt this be as weird and equivalent to saying the Fed borrowed from the ECB?
Sorry if there is something I'm missing, I'm just a lowly undergrad. If not, I have a few theories as to why they would borrow instead of print but I'd like to hear some responses first.
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