Abstract
Let be a commutative ring with involution containing an element such that and let be the category of -algebras equipped with a semilinear involution and involution preserving homomorphisms. We construct a triangulated category and a functor that is homotopy invariant, matricially and hermitian stable and excisive and is universal initial with these properties. We prove that a version of Karoubi's fundamental theorem holds in . By the universal property of the latter, this implies that any functor with values in a triangulated category which is homotopy invariant, matricially and hermitian stable and excisive satisfies the fundamental theorem. We also prove a bivariant version of Karoubi's -term exact sequence.
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