Effects of the Development of Central Bank Digital Currencies on Financial Markets amid the Pandemic

The study determined the influence of Central Bank Digital Currency (CBDC) on financial markets during COVID-19 pandemic. It investigated if CBDC had potential to improve efficiency and lending power system. research relied secondary data from a range markets, such as FTSE, MSCI, Gold Index, S&P 500, Dow Jones, collected period. quantitative approach was employed using statistical software SPSS perform descriptive statistics regression analysis. results revealed that were negatively impacted by COVID-19, but saw higher level development same analysis showed positive significant relationship between Attention Uncertainty various market indices, with indicating impact Index all indices except Index. However, this has some limitations, including its limited scope markets. Despite this, these have important implications for academics policymakers. is recommended increase use through well-crafted policies legislation fully realize Doi: 10.28991/ESJ-2023-SPER-013 Full Text: PDF