Daniel C. Hardy

Daniel C. Hardy is a Senior Research Associate at the Vienna Institute for International Economic Research and a consultant on economic policy issues. He spent many years at the International Monetary Fund, leading work on macroeconomic and financial sector surveillance; Fund-supported programs; Fund policies; and technical assistance in a wide range of industrialized and emerging markets and developing countries. He has also held positions at the Deutsche Bundesbank and the Austrian Financial Market Authority and has been an academic visitor at St. Antony’s College, Oxford, and the Vienna University of Economics and Business. His recent research has addressed topics in public sector governance; the functioning of the European Monetary Union and the Capital Market Union; and sovereign debt management. He studied at Oxford University and Princeton University.

Are Sovereign Green Bonds Anything More than a Fad?

It has become fashionable for governments to issue “green” bonds to fund the transition to sustainability. However, sovereign green bonds as currently designed have...

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