To what extent are some of the problems Bagehot talks about still current? Are most of the issues with banking that he raised long ago now resolved today, or do we still struggle with some of them. If you think the latter, which issues are still unresolved? In both cases you have to argue your stance carefully. You can focus on the relationship between your national commercial and central banks, but also on the operations of the European Central Bank if you like. Structure Step 1: The introduction Describe briefly the issue you will discuss in your essay. Which aspect of the theory of Bagehot will be applied? Try to describe this in one or two sentences. Which question will you answer in your essay? Find the main question in the assignment description above. Step 2: The analysis In analysis you give all the arguments that are relevant to this particular issue. This should concern arguments that support a certain viewpoint and arguments that oppose it. Your arguments should clearly be linked to the work of Bagehot. In this case you will have to use other sources and to argue why or why not most of the issues Bagehot raised have been resolved. Step 3: The conclusion In the conclusion you should state the main arguments and weigh them up: argue why most issues have been resolved or vice versa. In the conclusion it should become clear why you take a certain stand.
