Otmar Emminger (2 March 1911 – 3 August 1986) was a German economist who served as the president of the Deutsche Bundesbank from 1977 to 1979.

Early life and education

Emminger was born in

Augsburg Augsburg ( , ; ; ) is a city in the Bavaria, Bavarian part of Swabia, Germany, around west of the Bavarian capital Munich. It is a College town, university town and the regional seat of the Swabia (administrative region), Swabia with a well ...

on 2 March 1911. In 1934, he received a PhD from the University of Munich.

Career and activities

Emminger was a lecturer at his alma mater. He began to work at the Deutsche Bundesbank in October 1950. From 1 April 1953 to 31 December 1969 he was a board member of the bank. In addition, he served as

West Germany West Germany was the common English name for the Federal Republic of Germany (FRG) from its formation on 23 May 1949 until German reunification, its reunification with East Germany on 3 October 1990. It is sometimes known as the Bonn Republi ...

's executive director at the

International Monetary Fund The International Monetary Fund (IMF) is a major financial agency of the United Nations, and an international financial institution funded by 191 member countries, with headquarters in Washington, D.C. It is regarded as the global lender of las ...

from 1953 to 1959. He was vice president of the bank from 1 January 1970 to 31 May 1977. He was appointed president of the bank on 1 June 1977, succeeding Karl Klasen in the post. Karl Otto Pöhl became his deputy. Emminger's term lasted until 31 December 1979, and he was replaced by Pöhl in the post. In July 1986, Emminger began to serve as an advisor to the Philippines Government (

Corazon Aquino María Corazón "Cory" Sumulong Cojuangco-Aquino (; January 25, 1933 – August 1, 2009) was a Filipino politician who served as the 11th president of the Philippines and the first woman president in the country, from Presidency of Corazon ...

had become president in February 1986) on behalf of West Germany. Emminger published his memoirs.

Death

Emminger died of a heart attack in

Manila Manila, officially the City of Manila, is the Capital of the Philippines, capital and second-most populous city of the Philippines after Quezon City, with a population of 1,846,513 people in 2020. Located on the eastern shore of Manila Bay on ...

, the Philippines, at the age of 74 in August 1986.

Works

* ''Die englischen Währungsexperimente der Nachkriegszeit-Währungsentwertung und Krisenüberwindung'' Dissertation, Munich 1934 (in: Weltwirtschaftliches Archiv 40 (1934), pp. 270–325) * ''Zwischenbilanz der DM-Aufwertung'' (1970) * ''Inflation and the International Monetary System'' (1973) * ''On the Way to a New International Monetary Order'' (1976) * ''Verteidigung der DM. Plädoyers für stabiles Geld'', Frankfurt am Main 1980 * (autobiography) ''D-Mark, Dollar, Währungskrisen. Erinnerungen eines ehemaligen Bundesbankpräsidenten'', Deutsche Verlags-Anstalt, 1986, .

References

{{DEFAULTSORT:Emminger, Otmar 20th-century German economists 1911 births 1986 deaths Businesspeople from Augsburg Ludwig Maximilian University of Munich alumni Academic staff of the Ludwig Maximilian University of Munich Presidents of the Deutsche Bundesbank Grand Crosses 1st class of the Order of Merit of the Federal Republic of Germany Bankers in the Nazi Party Luftwaffe personnel of World War II