... panel-econometric approach, we test for the impact of banking competition (measured by the Boone indicator) on the long-run bank interest rate pass-through. 4.1. Estimation of the long-run relationship ... rates on mortgage loans, rates on consumer loans, rates on short-term loans to non-financial corporations (1 year), rates on long-term loans to non-financial corporations (>1 year), rates on ... that, under strong competition, unused scale economies would be exploited and, consequently, reduced.4 Hence, the existence of non-exhausted scale economies is an indication that the potential...