Current limiters, preferably PTC resistors, are used for limiting short-circuit current when connected in series to capacitors and converter valves. Protective devices operating with these PTC resistors are able to work reversibly and respond without arcing. They have a low inductance and can be used in space-saving designs. Protective circuits with such PTC resistors have a low loss, are shake-proof, and can be integrated into an existing cooling circuit. They respond autonomously and enable a flexible application. The PTC resistors preferably are constructed in a meander shape of porous metal foam or a metal braid or fabric and have electrical contact bridges between their resistor tracks. At least 2 resistor tracks that are electrically connected in parallel are arranged at a small distance on top of each other in such a way that partial currents (I1, I2) flow in opposite directions through resistor branches in superposed track areas formed in this manner. The resistor tracks can also be arranged in grooves of a cooling body or may have a circular shape. A compensation resistor for compensating uncompensated marginal areas of these resistor tracks can be provided in serial connection to meander-shaped, parallel connected resistor tracks.