undervaluation or overvaluation of the euro, and calculate its misalignment. The problem however arises of how to assess the … reliability of such misalignment calculations. In our opinion, we must have a benchmark (namely a period in which we exactly know … from outside sources the misalignment itself), against which we can test the validity of the model underlying our …

This paper examines the impact of real effective exchange rate misalignment on economic growth in Nigeria using an … exchange rate regime is characterized by a relatively lower real exchange rate misalignment over time compared with the fixed … exchange rate regime. The GMM estimate reveals that real exchange rate misalignment has negative but significant impact on …