The article discusses how changes in Swedish financial markets and monetary policy have affected interest rates. It explores how international factors influence domestic interest rates and analyzes the term structure of interest rates in the Swedish money market. The researchers focus on the impact of interest rate expectations and discount window policies on monetary control. Key findings include the importance of the foreign exchange risk premium in relation to interest rates, the implications of a currency basket system on risk premium and interest rate dependence, and the role of discount window policies in shaping interest rate behavior.