Kac-Moody construction of Toda type field theories

Using the coadjoint orbit method we derive a geometric WZWN action based on the extended two-loop Kac-Moody algebra. We show that under a hamiltonian reduction procedure, which respects conformal invariance, we obtain a hierarchy of Toda type field theories, which contain as submodels the Toda molecule and periodic Toda lattice theories. We also discuss the classical r-matrix and integrability properties.