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One Step Beyond : Evaluating the capacity, risks, structures and processes of the Welsh Construction Industry

Clifton, Nicholas C.; David, Rhys; Pickernell, David; … - Centre for Advanced Studies <Cardiff>; Institute of …; … - 2006

It is argued that construction is an important sector of the Welsh economy in terms of employment, wages and growth. Key competence and capacity issues have arisen, however, due to large contracting firms concentrating on core activities and subcontracting peripheral activities to Small...

Persistent link: https://www.econbiz.de/10009022276

Auditing Welsh Industry: A Clusters-Based Approach

Clifton, Nick; David, Rhys; Pickernell, David - Welsh Enterprise Institute <Pontypridd> - 2009

[...]We recommend that a study incorporating our suggested refinements should now take place into a furthergroup of sectors of interest to policy makers to test further the framework and any improvements builtinto it.[...]

Persistent link: https://www.econbiz.de/10009128173

Stress testing German banks in adownturn in the automobile industry

Düllmann, Klaus; Erdelmeier, Martin - Volkswirtschaftliches Forschungszentrum <Frankfurt, Main> - 2009

In this paper, we measure the impact of a downturn in the automobile industry on thesolvency of 28 large German banks. The choice of the stressed sector is motivated by theimportant role which the automobile industry plays in the German economy, not the leastbecause of its close ties to other...

Persistent link: https://www.econbiz.de/10005866278

Estimating asset correlations fromstock prices or default rates –which method is superior?

Düllmann, Klaus; Küll, Jonathan; Kunisch, Michael - Deutsche Bundesbank <Frankfurt, Main> / … - 2008

institutions. By means of a simulation study, we explore the hypothesis that differencesin the correlation estimates are due to a … substantial downward bias characteristicof estimates based on default rates. Our results suggest that correlation estimates … explain the dierences in correlation estimates. Furthermore, ourresults help to quantify the estimation error of asset …

Persistent link: https://www.econbiz.de/10005866366