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From the Figure Below, Please Provide an Explanation for the Large

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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. 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.

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The growth of global capital markets has...

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