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Published online by Cambridge University Press: 22 January 2016
What we call the homological conjectures on commutative Noetherian local rings were first collected and partially settled by C. Peskine and L. Szpiro [PS1]. The subsequent remarkable progress was made by M. Hochster [H1] who conjectured the existence of big Cohen-Macaulay modules and solved it in the affirmative for equicharacteristic local rings. It is, however, still open in general setting.