Refinable function vectors are usually given in the form of an infinit
e product of their refinement (matrix) masks in the frequency domain a
nd approximated by a cascade algorithm in both time and frequency doma
ins. We provide necessary and sufficient conditions for the convergenc
e of the cascade algorithm. We also give necessary and sufficient cond
itions for the stability and orthonormality of refinable function vect
ors in terms of their refinement matrix masks. Regularity of function
vectors gives smoothness orders in the time domain and decay rates at
infinity in the frequency domain. Regularity criteria are established
in terms of the vanishing moment order of the matrix mask.