Abstract
We construct a dynamical reflection equation algebra, $\tilde {\mathcal{K}}$, via a dynamical twist of the ordinary reflection equation algebra. A dynamical version of the reflection equation is deduced as a corollary. We show that $\tilde {\mathcal{K}}$ is a right comodule algebra over a dynamical analog of the Faddeev-Reshetikhin-Takhtajan algebra equipped with a structure of right bialgebroid. We introduce dynamical trace and use it for constructing central elements of $\tilde {\mathcal{K}}$.
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