We carefully study the global structure of the solution of the N = 2 s
upersymmetric pure Yang-Mills theory with gauge group SU(2) obtained b
y Seiberg and Witten. We exploit its Z(2) symmetry and describe the cu
rve in moduli space where BPS states can become unstable, separating t
he strong-coupling from the weak-coupling region. This allows us to ob
tain the spectrum of stable BPS states in the strong-coupling region:
we prove that only the two particles responsible for the singularities
of the solution (the magnetic monopole and the dyon of unit electric
charge) are present in this region. Our method also permits us to very
easily obtain the weak-coupling spectrum, without using semiclassical
methods, We discuss how the BPS states disintegrate when crossing the
border from the weak- to the strong-coupling region.