We link senior banks loan officers’ responses regarding their decisions for bank credit standards, from successive surveys from the European Bank Lending Survey to investigate two important issues. First, we examine the relationship between bank credit standards (CS) and perceived and actual financial crisis. Second, we investigate whether the notion of the self-fulfilling prophecy is applicable in the case of the 2008 financial crisis. In particular, the second main research question that we try to answer is whether the perceived crisis (as implied by the Google search query “financial crisis”) contributed to the acceleration of the outburst of the actual crisis. We find that both perceived and actual financial crisis affect senior bank loan officers’ credit standards, with the actual crisis having the greatest impact. These results are consistent both in the short and in the long run. Finally, by putting forward a binary choice model we find sufficient evidence to support the Self-Fulfilling Prophecy notion.

我们将高级银行信贷员对银行信贷标准决定的回应与欧洲银行贷款调查的连续调查联系起来，以调查两个重要问题。首先，我们研究了银行信用标准 (CS) 与感知和实际金融危机之间的关系。其次，我们调查自我实现预言的概念是否适用于 2008 年金融危机的情况。特别是，我们试图回答的第二个主要研究问题是感知危机（如谷歌搜索查询“金融危机”所暗示的）是否有助于加速实际危机的爆发。我们发现，感知的和实际的金融危机都会影响高级银行信贷员的信用标准，其中实际危机的影响最大。这些结果在短期和长期都是一致的。最后，通过提出一个二元选择模型，我们找到了足够的证据来支持自我实现预言的概念。