Latin American democracies have gone through a series of perfect storms over the recent years. In what ways have these challenges transformed the institutional infrastructure of democracy? How have institutional reforms impacted the democratic prospects? This review article analyzes four recent edited volumes that approach the problems of institutional change against the backdrop of the multiple crises unfolding throughout the region. It describes two modes through which the reforms of political institutions have had an ambivalent or outright negative effect on the quality of democracy, and assesses the resilience of political institutions. Arguing for a more prominent role of informal institutions and political parties in institutional analyses, the article suggests that changes in formal political institutions have had a limited impact vis-à-vis the profound changes in political cleavages, culture wars, swift changes in religious identities and the decline of political parties.