Abstract
In this talk we review the important role played by chiral SU(3) symmetry in hadron physics. Exciting new results on the formation of baryon resonances as implied by chiral coupled-channel dynamics are presented and discussed. The results are the consequence of progress made in formulating a consistent effective field theory for the meson-baryon scattering processes in the resonance region. Strangeness channels are found to play a decisive role in the formation of resonances. As a further application of chiral coupled-channel dynamics the properties of antikaons and hyperon resonances in cold nuclear matter are reviewed.
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