A 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.
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