7,360 research outputs found
The Distributed MIMO Scenario: Can Ideal ADCs Be Replaced by Low-resolution ADCs?
This letter considers the architecture of distributed antenna system, which
is made up of a massive number of single-antenna remote radio heads (RRHs),
some with full-resolution but others with low-resolution analog-to-digital
converter (ADC) receivers. This architecture is greatly motivated by its high
energy efficiency and low-cost implementation. We derive the worst-case uplink
spectral efficiency (SE) of the system assuming a frequency-flat channel and
maximum-ratio combining (MRC), and reveal that the SE increases as the number
of quantization bits for the low-resolution ADCs increases, and the SE
converges as the number of RRHs with low-resolution ADCs grows. Our results
furthermore demonstrate that a great improvement can be obtained by adding a
majority of RRHs with low-resolution ADC receivers, if sufficient quantization
precision and an acceptable proportion of high-to-low resolution RRHs are used.Comment: 4 pages, to be published in IEEE Wireless Communications Letter
Interest Group Politics over Exchange Rate Valuation in Asian Countries
Few empirical researches have analyzed on the role of different interest groups in currency relations. Hence, the purpose of this thesis is to fill the theory gap and address the following question: how the political power of a country's manufacturing sector as well as the intensification of a country's control over its interest rate regime would influence the country's exchange rate decision making.
This thesis uses a mixture of methods: two regression models followed by one case study of China. The OLS regression model analyzes the determinants of currency undervaluation through examining a panel dataset of eleven Asian countries from 1974 to 2005, and finds that the manufacturing sector of a country is more likely to favor an undervalued exchange rate if the country adopts intensified interest rate control as a policy tool. The duration model also analyzes eleven Asian countries who initially adopts a fixed exchange rate regime from 1974 to 2005, and finds that for countries with fixed exchange rate regimes, when the country is actively involved in international trade, the larger the manufacturing sector, the longer the fixed exchange rate regime arrangement will endure. Moreover, for countries with fixed exchange rate regimes, the more intensely a country manipulates its interest rates, and the more intensely a country controls its capital flows, the longer the fixed exchange rate regime arrangement will endure. The China case study mainly analyzes China's manufacturing sector and state-owned banks' lobbying power and practice towards exchange rate decision making from 1994 to 2010. The case study describes, in rich detail, the interest group influence over the exchange rate decision-making process in a typical non-democratic context, and proves that in non-democratic regimes, interest groups still have various ways to influence the government's exchange rate decision-making process
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