Institutions and Political Party Systems: The Euro Case

Jesus Fernandez-Villaverde and Tano Santos ()
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Tano Santos: Department of Economics, Columbia University

PIER Working Paper Archive from Penn Institute for Economic Research, Department of Economics, University of Pennsylvania

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)
Pages: 28 pages
Date: 2017-07-03, Revised 2017-07-03
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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Persistent link: https://EconPapers.repec.org/RePEc:pen:papers:17-014

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