Of course, many businesses around the world run on trade credit. But in the Agra shoe trade two unique problems exist that must be overcome. Firstly, how do traders signal a credible commitment to the shoemakers? In other words, what happens if the trader refuses to pay the shoemaker after...
notably through the recommendations of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD). The implicit assumption—that if risks are fully revealed, finance will respond rationally and in ways aligned with the public interest—is rooted in the “efficient ...