Emile Despres (21 September 1909 – 23 April 1973) served as an advisor on German Economic Affairs at the U.S. Department of State, 1944–1945.
[1][2] Upon graduation, Despres went to work for the Federal Reserve Bank of New York as a special foreign exchange analyst.
He established a system for monitoring the volatile international flows of short-term capital during the Great Depression.
He was among the advisors who early warned that Hjalmar Schacht's system of exchange controls would help Germany carry through economic recovery and military rearmament without suffering a balance of payments collapse.
[1] In July 1947, Despres vouched for the loyalty of Carl Marzani, convicted for concealing Communist Party membership in his application for Government employment.
[4] During the McCarthy era, Despres was among a number of Federal employees alleged to be sources of information to the communist underground, including Lauchlin Currie, Harry Dexter White, V. Frank Coe, Robert C. Barnard, George A. Eddy, William Ludwig Ullman, Harold Glasser, Solomon Adler, and William Henry Taylor.