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Extremal Kähler metrics

This paper is a survey of some recent progress on the study of Calabi's extremal Kähler metrics. We first discuss the Yau-Tian-Donaldson conjecture relating the existence of extremal metrics to an algebro-geometric stability notion and we give some example settings where this conjecture has been established. We then turn to the question of what one expects when no extremal metric exists.