Can birth control help with anxiety and/or depression?

I have mild anxiety. I am not on any medication but I do see a psychologist regularly to help with the anxiety. I just found out from her today that I may also have mild depression, but not where I am sad and crying, just very irritable and aggressive. I also have poly cystic ovarian syndrome/disorder (PCOD), and my doctor suggested going on birth control to ease the symptoms (heavy periods, hair growth, etc). However, I have been on Yasmin before for about 3 or 4 years and did fine, but started having panic attacks after being on them that long. When I stopped taking them, I felt better, but my anxiety didn't go away. I tried Ortho Trycyclin Lo about a year after stopping Yasmin, but after only 4 days I stopped taking them for fear of having more panic attacks. I am scared to go on birth control again, but I am willing to try it if it will help with my mood, considering I have too much male hormones due to me having PCOD. Maybe my anxiety and mild depression is from this hormone imbalance? And if so, maybe birth control may help? I am also scared to go on antianxiety or antidepressants, but I am managing okay without them, so my anxiety and depression are probably mild. I've been suffering with these questions for over a year, and would GREATLY appreciate any advice or experience you have. Thanks so much!!!