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:
Anchoring
Tendency to rely heavily on one prior (suggested) piece of information when making a decision.
Decisions
The process of making choices among various alternatives to achieve a desired outcome.
Suggestions
Recommendations or pieces of advice aimed at proposing a course of action.
Efficiency Wage Theory
Explanation for the presence of unemployment and wage discrimination which recognizes that labor productivity may be affected by the wage rate.
Q8: Which of the following could explain why
Q18: Explain how the money markets of two
Q21: Which of the following is FALSE about
Q39: Money includes<br>A) currency.<br>B) checking deposits held by
Q40: Explain the effects of a permanent increase
Q47: The covered interest rate parity condition can
Q55: Under Purchasing Power Parity<br>A) E$/E = PiUS/PiE.<br>B)
Q60: A balance sheet for the central bank
Q61: The main policy goal for a country
Q88: The Marshall-Lerner condition holds that a country's