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Finance G
Gains from trade
Galbraith, John Kenneth
Galiani, Ferdinando (1728-87)
Galloping inflation
Gaming contract
Games, theory of
Gamma stocks
Garnishee order
Garp - see Warp
Gaussian process
Gauss-Markov theorem
GDP deflator
General Agreement on Tariffs and Trade (G.A.T.T.)
General Agreement on Trade in Services (GATS)
General agreement to borrow
General Anti-Avoidance Rule (GAAR)
General average loss
General average sacrifice
General clearing
General crossing
General equilibrium
General equilibrium analysis
General government
General government final consumption
General Household Survey - see GLF
General Lifestyle Survey (GLF)
General offer
Generalized least squares (GLS) estimator
Generalized method of moments (GMM) estimator
Generalized System of Preferences (GSP)
Geneva Conference (1947)
Geometric lag model
Geometric mean
Geometric progression
George, Henry (1839-97)
German Economic and Monetary Union (GEMU)
Giffen good
Giffen paradox
Giffen, Sir Robert(1837-1910)
Gift cheques
Gift tax (U.S.)
Gilt-edged market-makers
Gilt-edged securities
Ginni Mae
Giro - see Bank Giro
Glass-Steagal Act
Global commons
Global Financial Stability Report
Global public good
Global warming
GNP - see Gross national product
Gold and dollar reserves
Gold and foreign exchange reserves
Gold coins
Gold exchange standard
Gold market
Gold parity
Gold points - see Specie points
Gold Pool
Gold standard
Golden rule
Goodhart’s law
Goodness of fit measures
Gossen, Hermann Heinrich (1810-58)
Government bonds - see Bonds
Government debt
Government expenditure - see Budget
Government failure
Government National Mortgage Association (GNMA)
Government production
Government regulation - see Regulation
Government securities
Government spending on real goods and services
Government stocks
Government transfer payments
Gradualist monetarism
Graduated pensions scheme
Granger causality
Granny bonds
Grant in aid
Great Depression
Great Leap Forward
Green currency
Green GDP
Green issues
Green paper
Green pound
Green revolution
Green taxes
Greenhouse gases
Gresham's Law
Gross domestic capital formation
Gross domestic fixed capital formation
Gross domestic product (G.D.P.)
Gross domestic product at factor cost
Gross investment
Gross national expenditure
Gross national product (G.N.P.)
Gross national product at factor cost
Gross national product at market prices
Gross national product deflator
Grossing up
Group of Eight (G8)
Group of Seven (G7)
Group of Ten
Growth - see Economic growth
Growth cycles
Growth model - see Endogeneous growth
Growth stocks
Growth theory

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Gold Pool


Gold Pool

In 1961, eight countries (the United Kingdom, France, West Germany, Switzerland, Italy, the United States, Belgium and the Netheriands) informally agreed to intervene in the London Gold Market to prevent pressure on the price of gold and avoid too much speculation by preventing the price from rising above $35-19,875. This was done by forming the Gold Pool. In 1967 at the time of U.K. devaluation, France, for reasons best known to herself, opted out. and there was considerable speculation. This led to a crisis in the Gold Market, the creation of a two-tier price system, and the abandonment of the Gold Pool.

Reference: The Penguin Business Dictionary, 3rd edt.