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Mortality and financial crises

Gerry, Christopher J., Mickiewicz, Tomasz and Nikoloski, Zlatko (2013) Mortality and financial crises. Journal of International Development . ISSN 1099-1328 (In Press)

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: In this paper, we adopt a cross-country perspective to analyze the effect of currency, banking and debt crises on health outcomes, while paying attention to the role of the International Monetary Fund. We employ a dynamic Generalized Method of Moments analysis on panel data in order to examine whether and to what extent different types of financial crises impact mortality rates. Our findings suggest that out of the three categories of financial crises we identify, it is currency and debt crises that most significantly exacerbate mortality rates. However, we do not find evidence that banking crises have any impact on health outcomes. Finally, and most interestingly, we find evidence that IMF interventions in the aftermath of a financial crises mitigate the negative effect of the crisis vis-à-vis health outcomes.

Item Type: Article
Official URL:
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HV Social pathology. Social and public welfare. Criminology
Journal of Economic Literature Classification System: I - Health, Education, and Welfare > I3 - Welfare and Poverty
Sets: Research centres and groups > LSE Health
Date Deposited: 13 Sep 2012 11:28

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