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RBA Glossary definition for NAV

NAV – net asset value

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The Economics of Shadow Banking | Conference – 2013

19 Aug 2013 Conferences
Manmohan Singh
In the crisis, this necessitated government support (McCabe 2011). Reforms currently being contemplated include lowering the average asset maturity of MMMFs, introducing capital requirements, requiring a floating NAV (as is largely ... the case in Europe)
https://www.rba.gov.au/publications/confs/2013/singh.html