László Halpern is research advisor at the Institute of Economics of Centre for Economic and Regional Studies in Budapest. He is doctor of the Hungarian Academy of Sciences. He is research fellow in International Trade and Regional Economics research programmes of the Centre for Economic Policy Research (London). He was member of the Research Advisory Committee of the Czech National Bank between 2004 and 2010. He has written widely on exchange rate and exchange rate policy in Central and Eastern Europe; on enterprise behaviour, on microeconomic environment and economic policy; on multinational enterprises, on foreign direct investment and economic development.