Ju l 2 01 0 Preprint typeset in JHEP style-HYPER VERSION RUNHETC-2010-15 Wall-crossing from supersymmetric galaxies

We give an elementary physical derivation of the Kontsevich-Soibelman wall crossing formula, valid for any theory with a 4d N = 2 supergravity description. Our argument leads to a slight generalization of the formula, which relates monodromy to the BPS spectrum.