He entered the German Central Bank in 1952 and ascended rapidly to the position of a department head. In 1964, he was appointed Director of Economics and Statistics, and became a member of the executive board in 1972. He served as deputy chairman from 1980 to 1991 and as President of the German Central Bank from 1991 to 1993. Schlesinger has been a distinguished honorary professor at the German University of Administrative Sciences. He is currently an advisor to IDEAglobal Group, a global financial research organisation.
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