Dynamical coupled-channel approach to hadronic and electromagnetic   production of kaon-hyperon on the proton
  A dynamical coupled-channel formalism for processes $\pi N \to KY$ and $\gamma N \to KY$ is presented which provides a comprehensive investigation of recent data on the $\gamma p \to K^+ \Lambda$ reaction. The non-resonant interactions within the subspace $KY\oplus\pi N$ are derived from effective Lagrangians, using a unitary transformation method. The calculations of photoproduction amplitudes are simplified by casting the coupled-channel equations into a form such that the empirical $\gamma N \to \pi N$ amplitudes are input and only the parameters associated with the $KY$ channel are determined by performing $\chi^2$-fits to all of the available data for $\pi^- p \to K^\circ\Lambda, K^\circ\Sigma^\circ$ and $\gamma p \to K^+\Lambda$. Good agreement between our models and those data are obtained. In the fits to $\pi N \to KY$ channels, most of the parameters are constrained within $\pm 20%$ of the values given by the Particle Data Group and/or quark model predictions, while for $\gamma p \to K^+ \Lambda$ parameters, ranges compatible with broken $SU(6)\otimes O(3)$ symmetry are imposed. The main reaction mechanisms in $K^+ \Lambda$ photoproduction are singled out and issues related to newly suggested resonances $S_{11}$, $P_{13}$, and $D_{13}$ are studied. Results illustrating the importance of using a coupled-channel treatment are reported. Meson cloud effects on the $\gamma N \to N^*$ transitions are also discussed. 
B. Julia-Diaz, B. Saghai, T.-S.H. Lee, F. Tabakin