1 “...This paper studies the effect of demographic change on national saving, global interest rates...”

2 “... shocks: a ‘sudden stop’ of capital inflows resulting from the global deleveraging process, and a collapse...”

3 “... by changes in its assets (reflecting the decisions of residents). Global factors-including US interest rates...”

4 “... global imbalances. It could also help explain and reconcile mixed empirical findings on trade...”

5 “... upon the global games framework of Morris and Shin to establish a unique relationship between...”

6 “... in preventing crises, particularly capital account crises. The model builds upon the global games framework...”

7 “...Noting that the aftermath of the global financial crisis has left many advanced economies with very...”