For example, the new Basel III regulatory capital framework includes a countercyclical capital buffer, which may help build additional resilience within the financial sector during periods of buoyant credit creation. Staff members are investigating the potential of this and other regulatory tools, such as cyclically sensitive loanto-value requirements for mortgages, to improve financial stability.
*  Recent increases in IMF quotas and other measures taken to replenish the funds of the IMF improved the international community’s ability to assist countries in the resolution of financial crises. It would seem as if the first objective of macro-economic policy has therefore been achieved in the major crisis centres (with the exception of Russia).