Meson-baryon interaction in the meson exchange picture.

Elastic πN scattering and the reaction π+p→K+Σ+ are described simultaneously in a unitary coupled-channels approach which respects analyticity. SU(3) flavor symmetry is used to relate the t- and u- channel exchanges that drive the meson-baryon interaction in the different channels. Angular distributions, polarizations, and spin-rotation parameters are compared with available experimental data. The pole structure of the amplitudes is extracted from the analytic continuation. [ABSTRACT FROM AUTHOR]