Institutions and Political Party Systems: The Euro Case

Jesus Fernandez-Villaverde and Tano Santos

No 23599, NBER Working Papers from National Bureau of Economic Research, Inc

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.

JEL-codes: D72 F30 F40 (search for similar items in EconPapers)
Date: 2017-07
New Economics Papers: this item is included in nep-opm and nep-pol
Note: EFG
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Citations: View citations in EconPapers (4)

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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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