"Advances in Finance and Stochastics" is a specialized book that focuses on the latest developments in the fields of finance and stochastic processes. Since the inception of this research area by Black, Scholes, and Merton in 1973, significant progress has been made. This book offers a collection of original articles written by esteemed authors addressing current research topics that are of interest to both academics and practitioners. The topics covered include risk management, portfolio theory, multi-asset derivatives, market imperfections, interest rate modeling, and exotic options. The diversity of topics and the expertise of the authors make this book a valuable resource for anyone looking to engage with the complex aspects of financial mathematics and stochastic processes.