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Helmut Schlesinger
German economist (1924–2024) From Wikipedia, the free encyclopedia
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Helmut Schlesinger (4 September 1924 – 23 December 2024) was a German economist and President of the Bundesbank from 1991 to 1993. Having worked for the institution and its precursor from 1952, he pursued monetary stability.
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Biography
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Early life and education
Schlesinger was born in Penzberg, Bavaria, on 4 September 1924.[1] His schooling was at Bavarian boarding schools until he joined the German military in 1943 and served for two years during World War II.[2] He then studied economics at the University of Munich, from which he graduated with a Diplom in 1948, and with a doctorate in economics in 1951.[1] His thesis was about economic efficiency in the public administration sector.[3]
Career
From 1949 to 1952, Schlesinger worked at the Ifo Institute for Economic Research in Munich.[2] He entered the precursor of the Deutsche Bundesbank, the Bank deutscher Länder, in 1952 and ascended rapidly to the position of a department head.[4] In 1956, he served as Head of the Economic Analysis and Forecasting Division.[3] In 1964, he was appointed Head of the Economics and Statistics Department; he became a member of the executive board in 1972.[3] He served as deputy chairman from 1980 to 1991 and as President of the German Central Bank from 1991 to 1993 when he retired,[4] succeeding Karl Otto Pöhl and succeeded by Hans Tietmeyer. His key objective was the stability of the currency.[4][5] His counter-inflation policies influenced European monetary politics.[6][5] Remarks by Schlesinger in Handelsblatt in 1992 triggered a financial crisis for the British pound that became known as Black Wednesday.[7]
Schlesinger was a distinguished honorary professor at the German University of Administrative Sciences.[8] He was an advisor to IDEAglobal Group, a global financial research organisation.[9]
Personal life
Schlesinger and his wife Carola had four children.[10] He turned 100 on 4 September 2024,[6][11] and died in Bad Homburg three months later, on 23 December.[12][2][4][10]
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Awards
Schlesinger was a member of the Orders of Merit and of Chivalry of Germany, Italy, Austria, Hungary, Sweden, and Luxembourg.[13] He received honorary doctorates from the universities of Frankfurt (1981),[14] Göttingen (1981),[15] and St. Gallen (1993).[16][17]
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