Friday, February 5, 2016

Currency value dilution increases a country's mortality rate between 15 -60

The Gloom of a Currency Crisis Can Be Lethal


30% depreciation of a country’s currency, coupled with an accelerating depreciation rate, causes an immediate impact on mortality among the population, increasing people’s likelihood of dying between the ages of 15 and 60, says a team led by Christopher J. Gerry of University College London. 

Currency crises lead to price increases in food and medicine and instill a sense of insecurity that gives rise to alcohol and drug abuse, the researchers say. Banking and debt crisis, by contrast, don’t show such effects on mortality.

No comments:

Post a Comment