On the Limits of Chiral Perturbation Theory
  We consider the relation between the breakdown scale of chiral perturbation theory, $\Lambda_\chi$, for large values of $N$ (flavor), and the scale associated with ``new" physical thresholds. This question is addressed using both the linear $\sigma$ model and an asymptotically-free gauge theory to describe the high energy dynamics. It is suggested that the massive physical threshold could be well above $\Lambda_\chi$. 
Thomas Appelquist and John Terning