In 1965, A. P. Calderon showed the L2-boundedness of the so-called first Calderon commutator. This is one of the first examples of a non-convolution operator associated to a kernel which satisfies certain size and smoothness properties comparable to those of the kernel of the Hilbert transform. These properties, together with the L2-boundedness, imply the LP-boundedness for all p's in ]1, + oo[. Many operators in analysis, such as certain classes of pseudo-differential operators and the Cauchy integral operator on a curve, are associated with kernels having these properties. For these operators, one of the major questions is if they are bounded on L2. We are going to give necessary and sufficient conditions for such an operator to be bounded on L2. They are essentially that the images of the function 1 under the actions of the operator and its adjoint both lie in BMO. In the case of the aforementioned first commutator this can be checked by an integration by parts. In the first section we present some basic notions and state the theorem, which is proved in Sections 2 and 3. In Section 4 we show how to recover some classical results. In Sections 5 and 6 we construct a functional calculus for small perturbations of A, and in Section 7 we show a connection between the theory of Calderon-Zygmund operators and Kato's conjecture. It is a pleasure to express our thanks to R. R. Coifman and Y. Meyer for suggesting many elegant simplifications in our proofs and most of the applications. We also wish to thank Stephen Semmes for several pertinent remarks.
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