Background: Functional regions are abstract, uniformly defined territorial units that form an important basis for many development strategies of a country or a region. Objectives: This study analyses the application of network theory to the detection of such regions. Methods/Approach: Functional...

The ability to accurately estimate the extent to which the failure of a bank disrupts the financial system is very valuable for regulators of the financial system. One important part of the financial system is the interbank payment system. This paper develops a robust measure, SinkRank, that...