An Iwasawa module is a module over an Iwasawa algebra. In arithmetic towers it usually comes from a norm inverse limit of units or class groups, or from a compact Galois module for a maximal abelian pro- extension. Specify which extension is allowed to ramify: the p-ramified Iwasawa module and the unramified Iwasawa module have different ranks.
Let be the maximal abelian pro- extension of unramified away from primes over . Its Galois group is the p-ramified Iwasawa module. In the cyclotomic tower of for odd , its Iwasawa-module rank is . It is therefore quite different from the torsion unramified Iwasawa module.
Passing to norm limits in Artin reciprocity gives an exact sequence connecting closures of global units, local pro- units at primes over , the p-ramified Iwasawa module and the unramified Iwasawa module. It explains arithmetic Iwasawa-module ranks by comparing local and global unit ranks. Roots of unity and the precise splitting conventions must be retained when seeking exact integral statements.
A Coleman power series encodes a norm-compatible sequence of local units in a cyclotomic tower by a single integral power series evaluated at . A logarithmic derivative and trace correction give a measure, relating the local images of cyclotomic units to p-adic L-functions.
For a Zp-extension, let be the maximal unramified abelian pro- extension of . Its Galois group is a compact Iwasawa module, identifiable by Artin reciprocity with the inverse limit of the -primary ideal class groups of finite layers under norms.
The unramified Iwasawa module is finitely generated torsion over the Iwasawa algebra of a Zp-extension, for every Zp-extension of a number field. After a finite shift all ramified primes are totally ramified and their number is constant. Class field theory bounds finite-layer coinvariant modules by . The Compact Nakayama lemma proves finite generation, and a positive Iwasawa-module rank would force ranks at least , a contradiction. No Leopoldt conjecture is required.
A finitely generated module over is pseudo-isomorphic to
where the are irreducible distinguished polynomials. Height-one localizations are discrete valuation rings, which give the elementary divisors; the remaining errors are supported only at the maximal ideal and are finite. This is a finite-error classification, not necessarily an actual direct-sum decomposition.
For a finitely generated torsion Iwasawa module, its characteristic ideal is the product of the height-one prime ideals raised to the lengths of the corresponding localizations. In the elementary-divisor description it is generated by . It is unchanged by finite modules and multiplicative in short exact sequences of torsion modules.
The invariants of a finitely generated torsion Iwasawa module measure its -power elementary factors and distinguished-polynomial factors. Vanishing of means that the module is finitely generated over , up to finite error. It does not mean that the module is finite: a factor has and is .
For a finite abelian extension of , the unramified Iwasawa module of its cyclotomic Zp-extension has . This removes -power elementary factors from its characteristic ideal. The theorem does not assert for arbitrary noncyclotomic Zp-extensions.

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