Lorentzian manifolds isometrically embeddable in L^N

We characterize those spacetimes which admit a isometric (or conformal) embedding in some Lorentz-Minkowski space L^N. In particular, any globally hyperbolic spacetime can be isometrically embedded in L^N. This is proven by a result of its own interest: the construction of a smooth time function whose gradient is bounded away from zero -and, thus, an orthogonal global splitting of the spacetime with bounded lapse. The role of the so-called "folk problems on smoothability" is stressed.