Association between Helicobacter pylori infection,mismatch repair,HER2 and tumor-infiltrating lymphocytes in gastric cancer

BACKGROUND The influence of Helicobacter-pylori(H.pylori)infection and the characteristics of gastric cancer(GC)on tumor-infiltrating lymphocyte(TIL)levels has not been extensively studied.Analysis of infiltrating-immune-cell subtypes as well as survival is necessary to obtain comprehensive information.AIM To determine the rates of deficient mismatch-repair(dMMR),HER2-status and H.pylori infection and their association with TIL levels in GC.METHODS Samples from 503 resected GC tumors were included and TIL levels were evaluated following the international-TILs-working-group recommendations with assessment of the intratumoral(IT),stromal(ST)and invasive-border(IB)compartments.The density of CD3,CD8 and CD163 immune cells,and dMMR and HER2-status were determined by immunohistochemistry(IHC).H.pylori infection was evaluated by routine histology and quantitative PCR(qPCR)in a subset of samples.RESULTS dMMR was found in 34.4%,HER2+in 5%and H.pylori-positive in 55.7%of samples.High IT-TIL was associated with grade-3(P=0.038),while ST-TIL with grade-1(P<0.001),intestinal-histology(P<0.001)and no-recurrence(P=0.003).dMMR was associated with high TIL levels in the ST(P=0.019)and IB(P=0.01)compartments,and STCD3(P=0.049)and ST-CD8(P=0.05)densities.HER2-was associated with high IT-CD8(P=0.009).H.pylorinegative was associated with high IT-TIL levels(P=0.009)when assessed by routine-histology,and with high TIL levels in the 3 compartments(P=0.002-0.047)and CD8 density in the IT and ST compartments(P=0.001)when assessed by qPCR.A longer overall survival was associated with low IT-CD163(P=0.003)and CD8/CD3(P=0.001 in IT and P=0.002 in ST)and high IT-CD3(P=0.021),ST-CD3(P=0.003)and CD3/CD163(P=0.002).CONCLUSION TIL levels were related to dMMR and H.pylori-negativity.Low CD8/CD3 and high CD163/CD3 were associated with lower recurrence and longer survival.

Comprehensive analysis of gene mutations and mismatch repair in Chinese colorectal cancer patients

BACKGROUND RAS,BRAF,and mismatch repair(MMR)/microsatellite instability(MSI)are crucial biomarkers recommended by clinical practice guidelines for colorectal cancer(CRC).However,their characteristics and influencing factors in Chinese patients have not been thoroughly described.AIM To analyze the clinicopathological features of KRAS,NRAS,BRAF,and PIK3CA mutations and the DNA MMR status in CRC.METHODS We enrolled 2271 Chinese CRC patients at the China-Japan Friendship Hospital.MMR proteins were tested using immunohistochemical analysis,and the KRAS/NRAS/BRAF/PIK3CA mutations were determined using quantitative polymerase chain reaction.Microsatellite status was determined using an MSI detection kit.Statistical analyses were conducted using SPSS software and logistic regression.RESULTS The KRAS,NRAS,BRAF,and PIK3CA mutations were detected in 44.6%,3.4%,3.7%,and 3.9% of CRC patients,respectively.KRAS mutations were more likely to occur in patients with moderate-to-high differentiation.BRAF mutations were more likely to occur in patients with right-sided CRC,poorly differentiated,or no perineural invasion.Deficient MMR(dMMR)was detected in 7.9% of all patients and 16.8% of those with mucinous adenocarcinomas.KRAS,NRAS,BRAF,and PIK3CA mutations were detected in 29.6%,1.1%,8.1%,and 22.3% of patients with dMMR,respectively.The dMMR was more likely to occur in patients with a family history of CRC,aged<50 years,right-sided CRC,poorly differentiated histology,no perineural invasion,and with carcinoma in situ,stage I,or stage II tumors.CONCLUSION This study analyzed the molecular profiles of KRAS,NRAS,BRAF,PIK3CA,and MMR/MSI in CRC,identifying key influencing factors,with implications for clinical management of CRC.

Impacts of Model Mismatch and Array Scale on Channel Estimation for XL-HRIS-Aided Systems

Extremely large-scale hybrid reconfigurable intelligence surface(XL-HRIS),an improved version of the RIS,can receive the incident signal and enhance communication performance.However,as the RIS size increases,the phase variations of the received signal across the whole array are nonnegligible in the near-field region,and the channel model mismatch,which will decrease the estimation accuracy,must be considered.In this paper,the lower bound(LB)of the estimated parameter is studied and the impacts of the distance and signal-tonoise ratio(SNR)on LB are then evaluated.Moreover,the impacts of the array scale on LB and spectral efficiency(SE)are also studied.Simulation results verify that even in extremely large-scale array systems with infinite SNR,channel model mismatch can still limit estimation accuracy.However,this impact decreases with increasing distance.

多模核磁MISMATCH技术在超时间窗急性大动脉闭塞性脑梗死患者治疗中的指导作用

目的 探讨多模核磁MISMATCH技术在超时间窗急性大动脉闭塞性脑梗死患者治疗中的指导作用。方法 选取2019年1月—2023年3月于天水市第一人民医院经多模核磁磁共振扩散加权成像(diffusion weighted imaging, DWI)-动脉自旋标记(arterial spin labeling, ASL)、DWI-液体衰减反转恢复(fluid attenuated inversion recovery, FLAIR)、DWI-磁敏感加权技术(magnetic sensitivity weighting technology, SWI)的MISMATCH技术进行筛选的超时间窗(发病时间在6~24 h)急性大动脉闭塞性脑梗死经血管内介入治疗患者44例作为研究组,同时选取在本中心超时间窗内(发病时间在6~24 h)未经多模核磁DWI-ASL、DWI-FLAIR、DWI-SWI的MISMATCH技术进行筛选的急性大动脉闭塞性脑梗死经血管内介入治疗患者43例作为对照组。研究组超时间窗患者术前均予以核磁共振扫描筛选出DWI-ASL/DWI-FLAIR/DWI-SWI其中存在MISMATCH且磁共振血管成像(magnetic resonance angiography, MRA)发现有大血管闭塞。两组患者都进行血管内介入治疗,治疗后血管血流均达到改良的脑梗死分级系统(modified treatment in cerebral ischemia, mTICI)分级2b/3级,观察两组患者的治疗获益和预后情况。结果 研究组术后90 d功能独立率(改良Rankin评分量表评分0~3分)为59.09%,高于对照组的37.21%,差异有统计学意义(χ^(2)=4.170,P<0.05)。研究组与对照组术后90 d病死率分别为25.00%与46.51%,研究组明显低于对照组,差异有统计学意义(P<0.05)。两组患者术后7 d美国国立卫生研究院卒中量表评分均低于术前,且研究组低于对照组,差异有统计学意义(P<0.05)。研究组术后72 h症状性颅内出血与非症状性颅内出血发生率分别为22.73%、34.09%,对照组分别为44.19%、55.81%,研究组明显低于对照组,差异有统计学意义(P<0.05)。结论 经过多模核磁DWI-ASL、DWI-FLAIR、DWI-SWI的MISMATCH技术筛选出的超时间窗急性大动脉闭塞性脑梗死符合血管内治疗患者获益优于未经多模核磁DWI-ASL、DWI-FLAIR、DWI-SWI的MISMATCH技术进筛选的时间窗内急性大动脉闭塞性脑梗死患者获益,临床结局和安全性方面更好。

A polarization mismatched p-GaN/p-Al_(0.25)Ga_(0.75)N/p-GaN structure to improve the hole injection for GaN based micro-LED with secondary etched mesa

A low hole injection efficiency for InGaN/GaN micro-light-emitting diodes(μLEDs) has become one of the main bottlenecks affecting the improvement of the external quantum efficiency(EQE) and the optical power. In this work, we propose and fabricate a polarization mismatched p-GaN/p-Al_(0.25)Ga_(0.75)N/p-GaN structure for 445 nm GaN-based μLEDs with the size of 40 × 40 μm^(2), which serves as the hole injection layer. The polarization-induced electric field in the p-GaN/p-Al_(0.25)Ga_(0.75)N/p-GaN structure provides holes with more energy and can facilitate the non-equilibrium holes to transport into the active region for radiative recombination. Meanwhile, a secondary etched mesa for μLEDs is also designed, which can effectively keep the holes apart from the defected region of the mesa sidewalls, and the surface nonradiative recombination can be suppressed. Therefore, the proposed μLED with the secondary etched mesa and the p-GaN/p-Al_(0.25)Ga_(0.75)N/p-GaN structure has the enhanced EQE and the improved optical power density when compared with the μLED without such designs.

A tunable adaptive detector for distributed targets when signal mismatch occurs

Aiming at the problem of detecting a distributed target when signal mismatch occurs,this paper proposes a tunable detector parameterized by an adjustable parameter.By adjusting the parameter,the tunable detector can achieve robust or selective detection of mismatched signals.Moreover,the proposed tunable detector,with a proper tunable parameter,can provide higher detection probability compared with existing detectors in the case of no signal mismatch.In addition,the proposed tunable detector possesses the constant false alarm rate property with the unknown noise covariance matrix.

Measurement of the cavity-loaded quality factor in superconducting radio-frequency systems with mismatched source impedance

The accurate measurement of parameters such as the cavity-loaded quality factor(Q_(L))and half bandwidth(f_(0.5))is essential for monitoring the performance of superconducting radio-frequency cavities.However,the conventional"field decay method"employed to calibrate these values requires the cavity to satisfy a"zero-input"condition.This can be challenging when the source impedance is mismatched and produce nonzero forward signals(V_(f))that significantly affect the measurement accuracy.To address this limitation,we developed a modified version of the"field decay method"based on the cavity differential equation.The proposed approach enables the precise calibration of f_(0.5) even under mismatch conditions.We tested the proposed approach on the SRF cavities of the Chinese Accelerator-Driven System Front-End Demo Superconducting Linac and compared the results with those obtained from a network analyzer.The two sets of results were consistent,indicating the usefulness of the proposed approach.

Role of intelligent/interactive qualitative and quantitative analysisthree-dimensional estimated model in donor-recipient size mismatch following deceased donor liver transplantation

BACKGROUND Donor-recipient size mismatch(DRSM)is considered a crucial factor for poor outcomes in liver transplantation(LT)because of complications,such as massive intraoperative blood loss(IBL)and early allograft dysfunction(EAD).Liver volumetry is performed routinely in living donor LT,but rarely in deceased donor LT(DDLT),which amplifies the adverse effects of DRSM in DDLT.Due to the various shortcomings of traditional manual liver volumetry and formula methods,a feasible model based on intelligent/interactive qualitative and quantitative analysis-three-dimensional(IQQA-3D)for estimating the degree of DRSM is needed.AIM To identify benefits of IQQA-3D liver volumetry in DDLT and establish an estimation model to guide perioperative management.METHODS We retrospectively determined the accuracy of IQQA-3D liver volumetry for standard total liver volume(TLV)(sTLV)and established an estimation TLV(eTLV)index(eTLVi)model.Receiver operating characteristic(ROC)curves were drawn to detect the optimal cut-off values for predicting massive IBL and EAD in DDLT using donor sTLV to recipient sTLV(called sTLVi).The factors influencing the occurrence of massive IBL and EAD were explored through logistic regression analysis.Finally,the eTLVi model was compared with the sTLVi model through the ROC curve for verification.RESULTS A total of 133 patients were included in the analysis.The Changzheng formula was accurate for calculating donor sTLV(P=0.083)but not for recipient sTLV(P=0.036).Recipient eTLV calculated using IQQA-3D highly matched with recipient sTLV(P=0.221).Alcoholic liver disease,gastrointestinal bleeding,and sTLVi>1.24 were independent risk factors for massive IBL,and drug-induced liver failure was an independent protective factor for massive IBL.Male donor-female recipient combination,model for end-stage liver disease score,sTLVi≤0.85,and sTLVi≥1.32 were independent risk factors for EAD,and viral hepatitis was an independent protective factor for EAD.The overall survival of patients in the 0.85<sTLVi<1.32 group was better compared to the sTLVi≤0.85 group and sTLVi≥1.32 group(P<0.001).There was no statistically significant difference in the area under the curve of the sTLVi model and IQQA-3D eTLVi model in the detection of massive IBL and EAD(all P>0.05).CONCLUSION IQQA-3D eTLVi model has high accuracy in predicting massive IBL and EAD in DDLT.We should follow the guidance of the IQQA-3D eTLVi model in perioperative management.

Can a global mean sea-level rise reduce the Last Interglacial model-data mismatch in East Asia?

末次间冰期有着丰富的重建和模拟资料,为研究未来温暖气候提供了一个理想的参考.然而,关于末次间冰期的东亚气候,模拟与重建的结果间长期存在着不匹配的情况,模拟结果普遍较重建结果更为冷干。本研究利用挪威地球系统模式(NorESM1-F),探讨了在末次间冰期模拟试验中纳入全球平均海平面上升能否减少模式-数据的不匹配.该试验结果表明,海平面上升情况下东亚地区会产生一定的增温增湿效应,但不足以消除模式-数据不匹配.基于这些结果,作者探讨了其它可能造成不匹配的因素以供进一步研究.

用于多通道单分子定位的高精度图像配准方法

单分子定位技术可以绕过光学系统的衍射限制,在生物样品的单粒子追踪和超分辨显微成像中得到了广泛应用.多通道单分子定位采用多个成像通道,可以实现对不同目标的同时追踪或多色超分辨成像,也可以提升单粒子追踪的轴向深度或实现更高的定位精度和密度.但各通道图像间的差异会影响协同定位或定量分析,因此图像配准是其图像数据预处理的关键环节;且由于单分子定位精度高,其对多通道图像配准精度的要求也很高.现有技术一般采用基于控制点的配准方法,且多采用复杂而精密的方式来获取基准物网格图像用于定位得到控制点对,以实现高精度图像配准,对样品或实验设备要求高,难以直接推广.为此,本文基于局部非线性变换和误匹配点剔除,发展了一种可以直接采用随机分布荧光珠样品作为基准物的高精度图像配准方法,通过在特征匹配和变换模型参数估计的过程中对控制点进行监测和迭代筛选,以剔除因单分子定位不准确或精度差而导致未精确匹配的控制点对,从而消除以随机分布荧光珠样品作为基准物时对于控制点准确获取和精确匹配所带来的不良影响,同时采用基于局部加权平均的二阶多项式拟合进行变换模型参数估计,以更好地适用于不同通道间存在局部非线性形变的情形.结果表明,采用该方法只需要3次迭代,就可以将未准确定位和精确匹配的控制点对找到并剔除,从而实现更准确的变换模型参数估计,将配准精度提高一个数量级,在图像局部非线性形变情况严重的正交像散双通道单分子定位成像系统中实现了约6 nm的配准精度.

子宫内膜癌组织中dMMR蛋白和miRNA Let-7表达水平及临床价值的研究

目的探讨子宫内膜癌(endometrial carcinoma,EC)中微小RNA Let-7(miRNA Let-7)表达水平与DNA错配修复(DNA mismatch repair,dMMR)蛋白表达缺失的关系及意义。方法选取2016年5月~2022年12月在江苏省连云港市妇幼保健院行根治性手术切除的子宫内膜癌患者74例,分别用免疫组织化学法检测dMMR蛋白(包括MLH1,PMS2,MSH2,MSH6)的表达、实时荧光定量聚合酶链反应(qRT-PCR)检测miRNA Let-7的相对表达量,按照dMMR蛋白表达情况,将EC患者分为表达完整组(n=43)和表达缺失组(n=31),采用Logistic多因素回归分析与dMMR蛋白缺失相关的危险因素、绘制受试者工作特征(receiver operating characteristic,ROC)曲线评估相关因素的预测价值。结果74例EC病例中,miRNA Let-7的表达水平在肌层浸润<1/2组显著高于肌层浸润≥1/2组,差异具有统计学意义(t=1.79,P=0.04);dMMR蛋白表达的缺失率为41.89%,且年龄<55岁组和miRNA Let-7低表达组(<0.715)患者中的dMMR蛋白缺失率高于≥55岁组和miRNA Let-7高表达组(≥0.715),差异具有统计学意义(χ2=3.92,4.50,均P<0.05);Logistic多因素回归分析结果显示miRNA Let-7表达水平是发生dMMR表达缺失的独立危险因素(P=0.012);Spearman相关分析表明,miRNA Let-7的表达水平与dMMR蛋白缺失呈明显负相关(r=-0.247,P=0.034);ROC曲线分析结果显示,miRNA Let-7表达水平对于预测EC患者中发生dMMR蛋白的缺失具有一定的价值,其AUC为0.737,最佳临界值为0.77,敏感度和特异度分别为0.651,0.806。结论子宫内膜癌患者中miRNA Let-7的表达水平与dMMR蛋白缺失具有相关性,也是发生dMMR蛋白缺失的危险因素,有望为预测dMMR的表达缺失提供帮助。

基于自适应字典校正的稀疏恢复STAP算法

空时自适应处理(Space-Time Adaptive Processing,STAP)技术在时间维(脉冲维)和空间维(阵元维)联合进行信号处理,以实现动目标检测功能。但是,传统STAP技术的计算复杂度非常高,而且在优化处理信号过程中需要大样本的支撑,在实际的工作场景中,杂波环境复杂易变,不易获取足够多的独立同分布样本,因此杂波抑制效果较差。稀疏恢复空时自适应处理(Sparse Recovery Space-Time Adaptive Processing,SR-STAP)算法可以利用很少的训练样本实现杂波抑制,但大多数SR-STAP算法的计算量巨大,运行速度慢,算法实时性不高。此外,SRSTAP算法需要对连续空时二维平面进行离散化处理,将空时二维平面划分为很多细小的网格,由于真实的杂波在空时平面上是连续分布的,同时考虑雷达接收信号中噪声、系统参数误差等因素的影响,真实杂波点与离散化网格点之间一定存在着偏差,会造成网格失配现象,导致SR-STAP算法杂波抑制性能下降。针对此问题,本文提出了基于自适应字典校正的稀疏恢复STAP算法。该算法首先通过子空间投影法筛选出与杂波最相关的原子;然后围绕选定原子由粗到细进行自适应局部网格划分,按照局部网格迭代选优准则,不断调整选择局域内的最优原子,直到满足迭代终止条件,以匹配真实的杂波点;最后利用选定的最优原子对应的空时导向矢量构造杂波子空间,更新噪声子空间上与杂波子空间正交的投影矩阵得到STAP权值。仿真实验表明,所提算法与传统SR-STAP算法相比,具有更高的稀疏恢复精度,更快的运行速度,改善了STAP性能。

基于广义比例积分观测器的永磁同步电机鲁棒谐振预测电流控制

针对永磁同步电机(PMSM)采用无差拍预测电流控制(DPCC)时,性能易受电机参数失配及死区效应的影响,该文提出一种基于广义比例积分(GPI)观测器的鲁棒谐振预测电流控制(RRPCC)方法。首先,分析PMSM参数失配将产生非周期扰动及逆变器死区效应会导致周期扰动,进而建立带有非周期和周期性扰动的PMSM精确数学模型;其次,基于内模原理,将包含扰动频率的谐振多项式嵌入电流预测模型,可有效地抑制周期性扰动;最后,采用GPI观测器估计由参数失配引起的集总扰动,并通过前馈补偿消除非周期扰动。实验结果表明,该方法能提高系统面对非周期及周期性扰动时的鲁棒性。

黄河流域(山东段)工业用地错配时空格局与应对策略

以黄河流域(山东段)9个设区市所辖77个区县为研究单元,利用2011—2020年山东省供地信息库中的工业用地供应数据,以及同期工业经济统计数据,分析黄河流域(山东段)工业用地供应与工业利润总额时空变化特征,通过空间错配指数分析工业用地错配时空格局,并从科学配置、存量挖潜、提质增效和层级协同4个方面提出应对策略。研究对于实现黄河流域(山东段)土地资源高效利用与聚集区域高质量发展具有重要意义。

结直肠腺癌中错配修复蛋白缺失情况、p53表达情况及临床病理分析的研究

目的 探讨结直肠腺癌中错配修复蛋白缺失情况、p53表达情况及其与患者临床特征之间的关联性。方法 回顾性分析2021年1月至2022年1月眉山市人民医院收集的经过病理学检查确诊为结直肠腺癌患者282例的临床资料,分析错配修复蛋白缺失情况、p53表达情况及其与患者临床特征之间的关系;分析p53表达情况与错配修复蛋白缺失的相关性。结果 免疫组化发现,MLH1、MSH2、MSH6、PMS2的缺失数分别为32、21、17、39例,而p53的(+)、(-)、(+/-)表达分别为142、95、45例。部分错配修复蛋白的缺失与肿瘤最大径、肿瘤分化程度、T分期、有无淋巴结转移、有无神经累及、有无脉管累及存在关联(P<0.05);p53的表达与患者的肿瘤最大径、肿瘤分化程度、T分期、有无淋巴结转移、有无神经累及、有无脉管累及存在关联(P<0.05);结直肠腺癌中,p53与MLH1、PMS2存在相关性(P<0.05)。结论 结直肠腺癌患者的错配修复蛋白缺失情况、p53表达情况与患者临床病理特征存在关联性,且错配修复蛋白缺失情况和p53表达情况同样存在关联性。

一种永磁同步电机模型失配容错控制算法

针对高精度永磁同步电机驱动系统因转动惯量、摩擦系数与磁链参数失配造成其控制精度和稳定性降低的问题,提出了一种基于有限时间收敛扩张状态观测器的无模型滑模容错控制方法。首先,建立了考虑内外不确定性的永磁同步电机转速环超局部模型,并设计了无模型全局积分终端滑模控制器;其次,设计了有限时间收敛扩张状态观测器来降低模型失配带来的影响;最后,通过与其他方法的仿真和实验对比,验证了所提方法能够在不获取精确模型的情况下实现了对多种模型失配与外部扰动工况的容错控制,并提高了电机的控制精度。

蜚蠊改善错配修复基因缺失肠癌细胞对氟尿嘧啶敏感性的机制研究

目的:探讨中药蜚蠊改善氟尿嘧啶对错配修复基因缺失(dMMR)肠癌细胞敏感性的相关机制。方法:选择dMMR肠癌细胞,予以不同浓度氟尿嘧啶和蜚蠊作用后,利用MTT法检测两药联合的抑瘤性,根据抑制率计算出治疗指数(CI)值,明确联合增效作用,应用二代基因测序及脂质代谢分析,挖掘出差异代谢基因,数据库分析差异基因与相关机制通路。结果:中药蜚蠊可以改善氟尿嘧啶在HCT116和DLD1肠癌细胞中的疗效,GO功能富集分析和KEGG分析结果显示脂质代谢、自噬调控和凋亡通路发生主要改变,利用LC/MS进行脂质组学检测,共有153个脂质分子发生变化,包括脂肪类、鞘脂代谢物、磷脂代谢物和甘油酯。结论:蜚蠊与氟尿嘧啶联合用于dMMR肠癌细胞具有协同增效作用,可能通过调控代谢通路、自噬及凋亡通路机制改善药物疗效。

新能源汽车整流器的抗扰模型预测控制策略研究

针对新能源汽车充电(G2V)三相整流器为研究对象,研究基于模型预测控制(model predictive control,MPC)的充电控制策略。传统的MPC算法需要准确的系统模型参数,而当控制器中使用的模型参数与主电路实际参数不匹配时,控制性能可能发生恶化,影响整流器充电控制性能。针对此问题,该文将系统参数不匹配作为扩张状态观测器(extended state observer,ESO)扩张出来的扰动项而进行估计,并将扰动进行补偿,从而设计一种基于ESO的MPC充电控制策略。该方法仅使用了系统的输入和输出数据,而不需要精确的系统模型,因此即使模型参数不匹配时,ESO也能够将不匹配项作为扰动而对预测电流进行准确估计,从而提高MPC对参数变化及不匹配的鲁棒性。仿真与实验结果验证了该方法的可行性和有效性。

一种球形光度计等价光谱透射比的测量方法

本文提出一种球形光度计等价光谱透射比的原位测量方法。使用球形光度计测试光源总光通量,因标准灯与被测灯的光谱差异进行光谱失配修正,等价光谱透射比是计算该修正的输入参数之一。为避免对积分球上的毛玻璃和球壁上的涂层样品拆卸安装,使用原位方式,通过比较毛玻璃漫透射出口处和积分球中心标准灯的光谱差异,计算等价光谱透射比的值。应用该方法,使用球形光度计测试白、红、绿、蓝四色LED样品的总光通量,与分布光度计的测试结果比较,实验数据显示两者在不确定度内一致,验证了所提出的等价光谱透射比测量方法可行性。

地方政府债务违约风险传导机制及最优债务置换

建立防范化解地方债务风险长效机制,建立同高质量发展相适应的政府债务管理机制是新时代实现经济高质量发展的必然要求。近期,地方政府债务迎来集中置换期,但在置换中最优比率该如何确定?理论分析层面,本文构建了包含同业拆借市场的异质性商业银行的三期模型,分析地方政府债务违约风险向商业银行流动性风险转移的传导机制。地方政府债务违约减少了商业银行的流动性,推高短期资金利率,带来了银行的流动性风险和破产风险。债务置换政策能够缓解这种不利影响,然而,过高的债务置换率反而会增加商业银行的流动性风险和破产风险。因此,债务置换政策存在收益与风险的权衡,最优债务置换率应该等于地方政府债务违约率。本文进一步论证了债务置换率的合理区间和地方政府融资能力对债务置换的影响。实证检验层面,本文采用2015—2019年地方政府债务置换数据,运用双向固定效应模型检验了地方政府债务违约可能性对债务置换强度的影响和地方政府融资能力的调节效应,进一步佐证了理论分析,为当前地方政府债务置换工作提供参考和借鉴。