Institutions and Political Party Systems: The Euro Case

Fernández-Villaverde, Jesús and Tano Santos
Authors registered in the RePEc Author Service: Jesus Fernandez-Villaverde

No 12131, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: This paper argues that institutions and political party systems are simultaneously determined. A large change to the institutional framework, such as the creation of the euro by a group of European countries, will realign -after a transition period- the party system as well. The new political landscape may not be compatible with the institutions that triggered it. To illustrate this point, we study the case of the euro and how the party system has evolved in Southern and Northern European countries in response to it.

Keywords: Federalism; Political institutions; Party systems; Euro (search for similar items in EconPapers)
JEL-codes: D72 F30 F40 (search for similar items in EconPapers)
Date: 2017-07
New Economics Papers: this item is included in nep-eec and nep-pol
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

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Related works:
Working Paper: Institutions and Political Party Systems: The Euro Case (2017)
Working Paper: Institutions and Political Party Systems: The Euro Case (2017)
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