Abstract
Brazilian politics provides a very interesting vantage point for thinking about party system institutionalization because it has kept many of the characteristics that made it an inchoate party system to the eyes of observers more than 15 years ago, but has since then exhibited very striking patterns of overall political stability. The party system does not meet all the criteria prescribed in the four already classic dimensions of party system institutionalization, but it has played a significant role in the stabilization of the country's political system.In this paper we explore several indicators that track the evolution of the levels of party system institutionalization in Brazil and the performance of the Brazilian party system. We argue that Brazil is a case of non-institutionalized stability, where parties perform some --- but not all --- of the functions that are ideally expected from them.
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