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The Big Data Technologies as an Important Factor of Electronic Data Processing and the Development of Computerized Analytical Platforms, Business Intelligence Sylwia Gwoździewicz; Dariusz Prokopowicz
International Journal of Small and Medium Enterprises and Business Sustainability Vol. 2 No. 4 (2017): November
Publisher : Lembaga Penerbit Fakultas Ekonomi dan Bisnis Universitas Trisakti

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The development of transformation and sharing information via the Internet has been determined by numerous facilities for beneficiaries, clients and those using information services of the public sector institutions. Moreover, there is an opportunity for the entities sharing electronic information via the Internet to significantly reduce transactional costs of their performed financial operations and electronic data transfer. On the other hand, the information technology (IT) development functioning in the Internet is connected with the risk of losing and theft of information by unentitled entities. The process of sharing information via the Internet generates many threats connected with identity theft crime, taking over secret data by hackers and embezzlement of money in the electronic banking systems. In response to the threats, particular entities, including the institutions of the financial sector, develop security systems of remote information sharing and performing transactions via the Internet. Nowadays, there is a continuity of the technique improvement process providing certain level of the Internet security data transfer. The procedures of safe transforming, stocking and sharing information in the Internet electronic banking have been being improved. National legal regulations considering new occurring technology innovation and electronic transfer technologies in the Internet have been being completed as well. Dissemination of standards of performing financial operations in the cloud as well as those huge data collections allocated in the big data platforms are within the fasted developing IT areas that determine further phases of advance of the electronic Internet banking.

Determinants of Contemporary Processes of Economic and Information Globalization of Financial Markets Dariusz Prokopowicz; Sylwia Gwoździewicz
International Journal of Small and Medium Enterprises and Business Sustainability Vol. 4 No. 1 (2019): March
Publisher : Lembaga Penerbit Fakultas Ekonomi dan Bisnis Universitas Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25105/ijsmebs.v4i1.20461

The globalization processes took place many times in the socio-economic and cultural development of transnational communities. One of the last such processes has been occurredsince the middle of the last century. The current globalization process is mainly related with the successively progressing integration of financial markets and with the development of information and communication technologies (ICT) and Internet technologies. The socioeconomic, political and business changes, which have been taken place in the global dimension since the middle of the last century, are a source of modification of the currently functioning market structures and global models of financial systems. The liberalization of capital flows, progressing since the 1970s, has been determined by many economic and political factors, including the modification of the international monetary system. The main determinants of economic and information globalization include such processes as liberalization of capital flows, deregulation of international financial markets and progress in the field of ICT. These processes constituted favorable conditions for the increase in the tendency to globalization of the world economy as well as for the internationalization of financial markets. The processes of globalization in the ancient history were of a slightly different nature. In those days the production of goods was dominated by other factors than it is today and economics has not been yet a separate science.

The Importance and Organization of Business Information Offered to Business Entities in Poland via the Global Internet Network Dariusz Prokopowicz; Sylwia Gwoździewicz
International Journal of Small and Medium Enterprises and Business Sustainability Vol. 4 No. 2 (2019): July
Publisher : Lembaga Penerbit Fakultas Ekonomi dan Bisnis Universitas Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25105/ijsmebs.v4i2.20468

Currently, in the era of information society and the development of information technology, information has become a particularly important element of social and professional functioning of both individual people and complex organizational structures and systems from which the modern world is built. In the context of running any business from the point of view of managing the organization, information can be a valuable commodity for the entrepreneur on a mobile, rapidly changing market. The development of techniques for processing and sharing information via the Internet is determined by many facilities for beneficiaries, customers and people using the information services offered by the Internet. In addition, for entities providing electronic information via the Internet, the possibility of a significant reduction of transaction costs of financial operations and electronic data transfer appears. On the other hand, the development of information technologies functioning on the Internet also involves the risk of loss or theft of information by unauthorized entities. This study describes key assumptions for the developmentand creation of a universal Internet portal offering information services for companies in the MSP sector that offers specialized information services provided via the Internet.

Synergy of post-2008 Anti-Crisis Policy of the Mild Monetary Policy of the Federal Reserve Bank and the European Central Bank Dariusz Prokopowicz
International Journal of Small and Medium Enterprises and Business Sustainability Vol. 4 No. 3 (2019): November
Publisher : Lembaga Penerbit Fakultas Ekonomi dan Bisnis Universitas Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25105/ijsmebs.v4i3.20482

The emergence of the global financial crisis in 2008 has become the reason for the increased use of interventionist economic policy in developed countries in that year. The main instrument of this policy was the significant development of a mild monetary policy and interventionist measures that aim was to force the restructuring processes of heavily indebted enterprises. These measures were used to stop the decline in lending in banking systems. In developed countries, anti-crisis interventionist assistance programs for the financial system and pro-active interventionist measures were activated in order to stimulate significantly weakened economic growth. The costs of saving banks and enterprises from financial bankruptcy have contributed to the increase in debt in the public finance systems of many countries. Analyzes and assessments of government interventionist anti-crisis programs and programs to activate demand, investment, production and liquidity in the credit market have been carried out since 2009. As part of the pro-development activities of the state intervention, the Federal Reserve Bank (Fed) applied a light monetary policy of low interest rates and a program for activating lending and maintaining liquidity in the financial system by financing the purchase of the most endangered assets from commercial banks. A few years later, the European Central Bank (ECB) applied the same activities of activation monetary policy.

Analysis of the Effects of Post-2008 Anti-crisis Mild Monetary Policy of the Federal Reserve Bank and the European Central Bank Dariusz Prokopowicz
International Journal of Small and Medium Enterprises and Business Sustainability Vol. 5 No. 1 (2020): March
Publisher : Lembaga Penerbit Fakultas Ekonomi dan Bisnis Universitas Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25105/ijsmebs.v5i1.20503

Since the emergence of the global financial crisis, a decade of time has passed, which allowed for a number of analyzes aimed at assessing government intervention programs of anti-crisis activities to rescue key economic entities from financial bankruptcy and to stimulate demand, investment and production as well as liquidity in the credit market . Currently, taking into account successful intervention in this area in the American economy, the result of these assessments is easy to predict. As part of the pro-development activities of the state intervention, the Federal Reserve Bank applied a low monetary policy of low interest rates and a program for activating lending and maintaining liquidity in the financial system by financing the purchase of the most endangered assets from commercial banks. A few years later, the European Central Bank applied the same activities of activation monetary policy. Currently, among economists prevails the view that if it were not for the application of rapid state intervention referring to the Keynesian formula from 1930s, the scale of the economic slowdown in the world and individual countries would be much greater.

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