Skip to main content

Search from vocabulary

Content language

Concept information

Preferred term

Gnomes of Zurich  

Definition

  • The Gnomes of Zurich is an old tongue-in-cheek term for the Swiss market, and especially Swiss bankers. The term was first used by Harold Wilson, the Shadow Chancellor of the British Parliament in 1964, who believed the Swiss were speculating on the British pound on foreign markets in order to keep its value down. [Source: Encyclopedia of Business in Today's World; Gnomes of Zurich]

Broader concept

Belongs to group

URI

https://concepts.sagepub.com/social-science/concept/Gnomes_of_Zurich

Download this concept: