ABSTRACT
This chapter analyzes the characteristics of portfolio allocation in Uruguay since the enactment of the 1967 Constitution. The Uruguayan case shows that a presidential system combined with an institutionalized party system can function with a parliamentary style of government formation. After 1985, the political system adopted quite stable patterns of functioning with a very high level of cooperation between presidents and parties in Congress. Although institutional rules are decisive for these outcomes, the data also show that cooperation strategies depend in part on the legislative size of the presidential party and the level of economic growth.
