caa a22 4500 388051221 CHVBK 20180307125054.0 cr unu---uuuuu 161130s1998 xx s 000 0 eng 10.1162/002081898550545 doi S002081839844027X pii (NATIONALLICENCE)cambridge-10.1162/002081898550545 Redistributive Cooperation: Market Failure, Wealth Transfers, and the Basle Accord [Elektronische Daten] Theories of international cooperation rely on claims about joint gains to argue that governments create international institutions to mitigate information and enforcement problems and realize efficient solutions. We present a model in which politicians propose international institutions to resolve domestic political dilemmas and suggest that the international institutions they propose are sometimes intentionally redistributive. We apply both approaches to the Basle Accord and conclude that domestic politics rather than international market failure motivated American policymakers to propose international regulation, that through international regulation the United States sought to redistribute income from Japanese to American commercial banks, and that, therefore, the Basle Accord did not offer joint gains. Agreement was reached only after the United States used financial market power to eliminate the regulatory status quo. The Basle Accord is an instance of redistributive cooperation. The case suggests that domestic politics should supplant aggregate benefits in explanations of why governments propose and create international institutions. Copyright © The IO Foundation 1998 Oatley Thomas Nabors Robert International Organization Cambridge University Press 52/1(1998), 35-54 0020-8183 52:1<35 1998 52 INO https://doi.org/10.1162/002081898550545 text/html Onlinezugriff via DOI 1 research-article jats NATIONALLICENCE 856 40 https://doi.org/10.1162/002081898550545 text/html Onlinezugriff via DOI NATIONALLICENCE 700 1- Oatley Thomas NATIONALLICENCE 700 1- Nabors Robert NATIONALLICENCE 773 0- International Organization Cambridge University Press 52/1(1998), 35-54 0020-8183 52:1<35 1998 52 INO CC0 http://creativecommons.org/publicdomain/zero/1.0 nationallicence BK010053 XK010053 XK010000 NATIONALLICENCE NATIONALLICENCE NL-cambridge