Using an effective lagrangian approach, we identify a class of models in
which the loop-induced magnetic moment form-factors of muon are enhanced by
possibly large factors
(\Lambda^2_F/\Lambda^2)(m_\tau/m_\mu)\ln(m_\tau^2/\Lambda^2) or
(\Lambda^2_F/\Lambda^2)\ln(m_\mu^2/\Lambda^2), where \Lambda is the scale of
new physics and \Lambda_F is the Fermi scale. These follow from left- and
right-chirality mixing dimension-8 operators which for relatively small
\Lambda, as required to explain the new (g_\mu-2) measurement, dominate over
dimension-6 operators. Thus significant enhancement of new physics
contributions to (g_\mu-2) and, in the presence of intergenerational couplings,
also to the \mu\to e\gamma decay rate is possible. We discuss the compatibility
of the (g_\mu-2) and \mu\to e\gamma experimental data in this case and comment
on the enhancement of the electron anomalous magnetic moment. An explicit model
is presented to illustrate the general results.Comment: Discussion on the enhancement of electron anomalous magnetic moment
included. New references adde