TY  - BOOK
AU  - Fernández-Villaverde,Jesús
AU  - Santos,Tano
ED  - National Bureau of Economic Research.
TI  - Institutions and Political Party Systems: The Euro Case 
T2  - NBER working paper series
PY  - 2017///
CY  - Cambridge, Mass.
PB  - National Bureau of Economic Research
N1  - July 2017; Hardcopy version available to institutional subscribers
N2  - 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
UR  - https://www.nber.org/papers/w23599
UR  - http://dx.doi.org/10.3386/w23599
ER  -