Institutions and Political Party Systems: The Euro Case /

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 land...

Ausführliche Beschreibung

Gespeichert in:
Weitere Titel:
Institutions and Political Party Systems
1. Verfasser:
Fernández-Villaverde, Jesús
Körperschaft:
National Bureau of Economic Research
Weitere Verfasser:
Santos, Tano
Format:
Elektronisch E-Book
Sprache:
Englisch
Veröffentlicht:
Cambridge, Mass. National Bureau of Economic Research 2017.
Zusammenfassung:
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.
Umfang:
1 online resource: illustrations (black and white);
Anmerkungen:
July 2017.
Schlagworte: