Perceived vs actual financial crisis and bank credit standards: Is there any indication of self-fulfilling prophecy?

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