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We prove generalizations of L"owner’s results on matrix monotone functions to several variables. We give a characterization of when a function of variables is locally monotone on -tuples of commuting self-adjoint -by- matrices. We prove a generalization to several variables of Nevanlinna’s theorem describing analytic functions that map the upper half-plane to itself and satisfy a growth condition. We use this to characterize all rational functions of two variables that are operator monotone.

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