"November 2011, volume 214, number 1006 (second of 5 numbers)."
It is a widespread opinion among experts that (continuous) bounded cohomology cannot be interpreted as a derived functor and that triangulated methods break down. The author proves that this is wrong. He uses the formalism of exact categories and their derived categories in order to construct a classical derived functor on the category of Banach $G$-modules with values in Waelbroeck's abelian category.
