Abstract
The study assessed the impact of real exchange rate misalignment on economic performance of WAMZ economies. The study uses Generalised Method of Moment of Dynamic Panel Estimation Method, supported with Cross Country Correlation Approach which comprises Gambia, Ghana, Guinea, Liberia, Nigeria and Sierra Leone covering the period from 2000 commencement of the zone to 2010 from international financial statistics of international monetary fund with aid of quarterly data. The study discovered that the zone experiences asymmetrical correlations between real exchange rate misalignment and economic performance while the inclusion of equilibrium real exchange rate revealed a symmetrical relationship with economic performance. Further revelation in the study happened to be the cross country correlations which unveiled that two countries (Ghana and Nigeria) emerged to have a moderate degree of symmetrical relationship using the study macroeconomic variables of interest, real exchange rate and misaligned real exchange rate.
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