From the figure below, please provide an explanation for the large decline in the growth rate of international reserves held by developing countries in the 2008-2009 period. 
Definitions:
Subordinate Conflicts
Disagreements or disputes that occur among team members or between employees and management, which can impact organizational effectiveness and morale.
Predictive Model
A statistical or mathematical model used to forecast future events or trends based on current or historical data.
Theory Of Followership
A perspective focusing on the behaviors and qualities of effective followers in a leadership dynamic.
Characteristics
Distinctive features or qualities that define a person, object, or phenomenon.
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