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债券发行人会主动择时吗?——政策性银行、商业银行、证券公司融资行为分析 被引量:1
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作者 徐惊蛰 《债券》 2022年第12期79-85,共7页
本文从发行人角度出发,探讨政策性银行、商业银行、证券公司在发行债券时是否进行择时,即根据利率水平调整其债券净融资额和发行期限。结果表明,政策性银行的债券净融资额受利率水平与负债结构驱动,发行期限也具有明显的择时特征;商业... 本文从发行人角度出发,探讨政策性银行、商业银行、证券公司在发行债券时是否进行择时,即根据利率水平调整其债券净融资额和发行期限。结果表明,政策性银行的债券净融资额受利率水平与负债结构驱动,发行期限也具有明显的择时特征;商业银行的债券净融资额、发行期限均无择时特征;证券公司的债券净融资额由重资产业务需求驱动,发行期限具有择时特征。 展开更多
关键词 金融债券 发行人 择时特征
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Selective transmission and channel estimation in massive MIMO systems 被引量:5
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作者 杨睿哲 Zong Liang +2 位作者 Si Pengbo Ma Dawei Zhang Yanhua 《High Technology Letters》 EI CAS 2016年第1期99-106,共8页
Massive MIMO systems have got extraordinary spectral efficiency using a large number of base station antennas,but it is in the challenge of pilot contamination using the aligned pilots.To address this issue,a selectiv... Massive MIMO systems have got extraordinary spectral efficiency using a large number of base station antennas,but it is in the challenge of pilot contamination using the aligned pilots.To address this issue,a selective transmission is proposed using time-shifted pilots with cell grouping,where the strong interfering users in downlink transmission cells are temporally stopped during the pilots transmission in uplink cells.Based on the spatial characteristics of physical channel models,the strong interfering users are selected to minimize the inter-cell interference and the cell grouping is designed to have less temporally stopped users within a smaller area.Furthermore,a Kalman estimator is proposed to reduce the unexpected effect of residual interferences in channel estimation,which exploits both the spatial-time correlation of channels and the share of the interference information.The numerical results show that our scheme significantly improves the channel estimation accuracy and the data rates. 展开更多
关键词 multiple-input multiple-output (MIMO) selective transmission time-shifted pilots KALMAN
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